In a short piece on the Democrats' top agenda items, one of their reporters discussed their plan to raise the minimum wage. In noting the objections of small businesses, he said that they are worried that a higher minimum wage would raise costs and force them to lay off workers.
Well, maybe they are concerned about having to lay off workers (a large body of economic research shows little or no employment impact from modest increases in the minimum wage), but it is reasonable to believe that they are also concerned about the prospect of lower profits. Is it too radical on National Public Radio to say that small business owners care about profit?
The American Prospect is nonprofit, reader-funded journalism—and we need your help.
Our reporters dig deep, hold power to account, and explain how policy shapes people’s lives. If you value independent journalism that goes beyond the headlines, now’s the time to support it.
Here’s how you can help: • Donate to power fearless reporting
• Subscribe to get our print magazine 6x/year.
