I'll take you on that bet..for 18-24 year old workers - they will get crucified by this change.  Considering what the fed tax coming will do, on top of the $14 an hour minimum wage, set for Jan 1, there will be shortages of hours and fewer jobs.
Along with my company, there are 5 others in town that already have reduced hours for part time staff in preparation for the changes. We have also told 2 of our summer students that there will not be a position for them next summer.  For the summer students that do come back, their work week will be reduced to 35 hours per week and not 40.

What world do you live in, that for every action there is an equal reaction?  Money does not grow on trees, despite what unions and Jim preach.