by Mitch Kokai
Senior Political Analyst, John Locke Foundation
In documenting some support for the president’s proposed $9 hourly minimum wage, the latest issue of Bloomberg Businessweek offers the following:
Now, with public anger over income inequality deepening and economic research challenging the notion that higher wages suppress employment, a growing number of small business advocates support a hike.
The article offers nothing more about the “economic research,” which must necessarily ignore the basic economic concept of the damage associated with a government-mandated price floor.