Yes, raising the minimum wage hurts business and causes job loss.
But the Dems keep pushing it.
….Last month, the small Bay Area town of Emeryville, California, (population 10,000) decided to act as flag-bearer for raising the minimum wage in California, hiking its minimum wage to $14.44 per hour.
Even though businesses with less than 56 workers are exempt from the $14.44 rate and do not have to raise their wages to $15 until 2018, Vic Gumper, who owns Lanesplitter Pizza, with outlets in Berkeley, Oakland, Albany and Emeryville, decided not only to bite the bullet but swallow it, paying his workers $15 to $25 an hour while eschewing tips or raising prices.
He advertised his $30 pizzas and other food items as “sustainably served, really … no tips necessary,”….
Sales at Gumper’s locations have plunged 25% in the last few months; some of the locations now force workers to skip their lunch hours….
Bloomberg: Where a Higher Minimum Wage Hurts the Poor