A new report shows minimum wage increases have had little effect on the number of jobs in Maryland and nationwide. While the rhetoric around increasing the minimum wage often comes with the caution it will reduce low-wage employment, a new review of decades of research showed most studies found no job losses after the state or local minimum wage is raised. Ben Zipperer, senior economist for the Economic Policy Institute and the review's co-author, said raising the minimum wage has unquestionably benefited workers. ...
The study is talking about overall numbers of jobs, not specific companies. Get fired from McDonalds closing a location, get a job with higher pay somewhere else that’s paying the new minimum wage, is a net zero result.
McDonalds is gutted that their 2024 earnings are on track for only a 5% increase over 2023, which saw a 10% gross profit increase for the year.
Remember when there was a “shoplifting crime wave” that it turned out was just profits were down so they had to blame something?