Meadville Tribune (PA): Myths about the minimum wage
By Joe Tompkins
Meadville Tribune (PA), April 24, 2019
There’s been a renewed push to raise the federal and state minimum wage to $15 per hour and, naturally, the conservative pushback has been strong. ... Their reasoning plays more on fear than facts — myths that keep people at poverty wages. ...
Myth No. 3: Raising the minimum wage is bad for business because it raises prices. It’s certainly true that raising the minimum wage will increase labor costs, but that doesn’t mean prices have to go up. Even when they do, price increases are typically minimal...