Brian Kolb wrote in an opinion in the Daily Messenger (Jan. 12, 2019) that he is worried that raising the minimum wage will hurt small businesses and working poor. However, that is not what economic researchers have found in peer-reviewed research.
In one research study, Dube, Lester, and Reich in a study "Minimum Wage Effect Across State Borders," studied the effect of one state raising minimum wages while a bordering state did not raise its minimum wages and found no adverse effect on employment. A study by the Fiscal Policy Institute March 30, 2006 found states with minimum wages above the federal level had faster small business and retail job growth.
Economists cite several reasons for these findings: Increased minimum wage allows employees to buy more goods and services, which improves the bottom line; and increased wages reduces turnover which reduces employers costs.
I would encourage Mr. Kolb to reconsider his position in light of all the economic research showing the benefits of raising the minimum wage. Thank you.