New York Times: Why Some Employers Support a Minimum Wage Increase
By Catherine Rampell
New York Times, Economix, July 23, 2009
Introductory economics generally teaches that the goal of all companies is to maximize their individual profits, all other greater social, moral and economic consequences be damned. But clearly the events of the last year have caused many people to question Econ 101 — including the idea that businesses shouldn’t care about anything besides the near-term bottom line.