[red_blobs]

Yes it does. As a business owner, more taxes means less money for employees (and less employees hired).

People that don't understand taxes never consider this and immediately think employers are just greedy.

Inflation is also never considered, which is exactly why we have to keep raising minimum wage in the first place.

Minimum wage increase will not help anyone in the long-run. It will only inflate the cost of goods and services for everyone within a few years.

The real answer is more education

[eropple]

Let's be really real for a sec: minimum wage does not, in any meaningful way, drive demand-pull inflation. Minimum wage doesn't even track the rate of inflation. This is macro-averse horsepuckey.

This position of abolition of minimum wage is not seriously held by any macroeconomic experts except on the extreme far right. There is a reason that wage floors, in lieu of GMI, are accepted by even centrists: because the alternatives are literally unconscionable.

Further: capital is greedy. It's functionally unable to be anything else. Throwing labor a bone once in a while is not, desperate hair-shirting aside, going to somehow kill it and destroy the jobs, homgz.