Assume that all fast-food restaurants employ many minimum-wage workers. suppose 2 people in west virginia work in fast-food restaurants for the federal minimum wage of $7.25/hour and the equilibrium wage is $7.00/hour. if west virginia increases its minimum wage to $10.00/hour, who will be better off?

Some minimum wage workers will be better off since they will earn a higher salary, people are happy when they earn more money.

But other minimum wage workers may be worse off, since the quantity demanded for minimum workers will decrease, so it will be harder for them to find new jobs and some currently working might even get fired.

Basically all the fast food restaurant owners will be worse off, since they are forced to pay a higher than equilibrium price for labor, so their profit margins will be reduced.  

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