What a great opening paragraph. Dismissive, arrogant, misleading, questioning of motives, setting up a straw man. This is the type of article written to make Libs feel good about themselves. Its bile dressed up as intellectualism.
The standard argument — really, the only argument — against raising the minimum wage is that it will lead to job loss. The argument is beloved by die-hard opponents of raising the wage because it provides them with a veneer, however flimsy, of concern about the welfare of the working poor.The standard argument — really, the only argument — for raising the "minimum wage" is that the demand for labor is perfectly inelastic, and therefore employers will pay more if they are told they must in order to retain their least-valuable employees. The argument is beloved by die-hard proponents of raising the wage because it provides them with a veneer, however flimsy, of concern for the public. The assumption that "money doesn’t matter when someone else is paying” is obviously attractive to those who take for granted the existence of “someone else” who can and will pay any price to retain low-productivity employees, and even hire more of them. But it is such a fantastic idea that no intelligent person could possibly take it seriously if they actually thought it through.