Inc: Why Some Business Owners Want to Raise the Minimum Wage to Spur Economic Recovery
By Melissa Angell
Inc, Jan 3, 2022
A coalition of business owners is sweet on the minimum wage increases that kicked off the new year, since they believe the wage hikes can boost economic recovery.
More than 20 states increased their minimum wage as the year began and an additional four states, plus the nation's capital, will see minimum wage raises later in the year, according to Business for a Fair Minimum Wage. The organization is a network of [many] more than 1,000 employers and business organizations that favors a federal minimum wage increase--thinking that runs counter to conventional economic arguments.
In fact...