You’re right that one study does not a valid conclusion make but there are many other studies that show minor job loss (of course, not MINOR to those who lost jobs or no job was available for them) for a brief period but that available jobs increased in the following years, over the number that would’ve been expected without a minimum wage increase. Low wage workers spend the extra income, rather than save or open brokerage accounts.

“In short, it’s an interesting study, but hardly compelling enough to disprove the most basic precept of economics -when something costs more, people buy less.”

Tell Apple that.

And the $22 an hour minimum wage in Australia makes a Big Mac cost almost $1 more but fast food restaurants have no problem making a profit there- or elsewhere that they pay a higher minimum wage.