Raising the minimum wage does nothing except take a chunk out of profits unless it is raised very high. This ought to be obvious if you look at who spends the

Raising the minimum wage does nothing except take a chunk out of profits unless it is raised very high. This ought to be obvious if you look at who spends the lobbying dollars, but the idea spread by business lobbies that it kills jobs is one self serving lie that has persisted. This has been empirically verified (Katz/Krueger) though that's not never covered in econ 101.