Battlepanda cites a piece from the Tampa Tribune about the aftereffects of Florida's minimum wage increase last year. Despite the dire predictions of the restaurant and retailing industries, retail employment rose 2.1% over the past year while restaurant employment rose 5.2%. The understanding of economics among retail entrepreneurs seems to have risen too:
"I don't think it's going to kill jobs because you need the people to do the work no matter what," said Walter, owner of Highland Park Furniture, which has a license to use the trade name Macy's Furniture & Mattress Clearance Center. "But it might hurt profits, and it sounds better to say it's going to hurt jobs than hurt profits."
This is how things usually tend to go after a minimum wage increase. To quote right-wing economist Stephen Landsburg:
