Because it is far more complex than the corporate criminals would have you believe.
http://www.businessforafairminimumwage.o...e-job-loss
https://benjaminstudebaker.com/2015/07/2...inflation/
http://www.businessforafairminimumwage.o...e-job-loss
Quote:In the 2015 report, Minimum Wage Policy and the Resulting Effect on Employment, the research institute Integrity Florida observes, "Economists cite several reasons why increases in the minimum wage, which raise employers’ cost, generally do not cost jobs. Increased pay adds money to workers’ pocketbooks and allows them to buy more goods and services, creating higher demand, which in turn requires hiring more workers. The higher wage may make it easier to attract applicants and results in less turnover of workers, lowering costs of employers." They report, "Our examination of employment statistics in states found no evidence of employment loss in states that have increased the minimum wage and more evidence that suggests employment increases faster when there is an increase in the minimum wage."
https://benjaminstudebaker.com/2015/07/2...inflation/
Quote:Misconceptions: Raising the Minimum Wage Does Not Automatically Lead to Inflation
by Benjamin Studebaker
In recent weeks, I have had the very same conversation with a number of my friends. Each time I’m told that they were participating in a discussion about the minimum wage when someone claimed that there was no point in raising wages because firms would just raise their prices to cover the increase. This is a very intuitive, appealing argument, but it’s deeply misleading and fallacious. Let me explain why.
If minimum wage hikes automatically resulted in price increases, we would expect to see the inflation rate rise whenever the minimum wage rises. This does not happen. Here’s the US federal minimum wage since 1938:
