Gosh golly, it’s almost as if conservatives are wrong about EVERYTHING:
"New data released by the Department of Labor suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.
In a report on Friday, the 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not. The data run counter to a Congressional Budget Office report in February that said raising the minimum wage to $10.10 an hour, as the White House supports, would cost 500,000 jobs.”
Even if it a higher minimum wage didn’t actually create jobs due to the stimulative demand-side effect, the business-side “discomfort” with raising the wage is bullshit. Their feigned concern would be at least somewhat understandable if every sector was hurting, but that is not the case. The rich remain rich, and in fact, are richer than ever: corporate profits are at record highs, and the stock market is soaring. We don’t need to coddle McDonalds and WalMart by paying their employees less than living wages — employees who, by and large, are middle aged folks with families just trying to survive.
But regardless, raising the minimum doesn’t hurt the economy: it actually creates MORE JOBS. So, seriously, stfu conservatives, and quit your concern trolling.