Michigan servers and restaurants are pushing back against the minimum wage increase that would essentially get rid of the tip credit

Earlier this year the Michigan Supreme Court ruled that a bill that would increase the state's minimum wage including for tipped workers to $12 by 2027. A lot of my fellow servers see this as a bad thing because they say they'll make less. Other things I've seen claim 1/5 restaurants will close down. There's a lot of doom and gloom being reported, can anyone help me find the good besides higher wages?