>and the government raising minimum wage ( hurts the economy, regressive against low income individuals, bad for the individual, bad for employers Government r

>and the government raising minimum wage ( hurts the economy, regressive against low income individuals, bad for the individual, bad for employers Government raising the minimum wage is: * Bad for profits (the main effect is to redirect cash flows from profit to wages). * Progressive for low income individuals (it raises the bar on low wages - raising wages just about the minimum). The inflationary impact is very muted compared to this. * Positive for GDP growth - the multiplier effect of money going to low wage earners is much higher (>3x) than profits (<1x) because they have a higher proclivity to spend the money than profit recipients will.