Seattle Makes History With 15 Dollar An Hour Minimum Wage

The lead story on the 6:00 CBS radio news report was the Seattle City Council's 9-0 passing of the 15 dollar an hour minimum wage.  KIRO reporter Brandi Kruse had her report played nationally.  How this will play out is a big mystery.  I'd like to think that a high minimum wage will give workers more disposable income, increasing buying power to create more jobs.  
Businesses, however are talking about lay-offs, higher prices, or relocation.  Right now, there seems to be so much contention between pro and con, I think that perhaps the two sides should maybe find a meeting point to make this work.