It’s a shame a magazine called Businessweek misses the basic point of the minimum wage’s harm

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.

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...