It ain’t about the laws of economics. It’s simply not a credible source. It’s explicitly pro-min-wage, suggests that it has no downsides whatsoever, and aggressively promotes in in any way convenient. Pretty common for political position papers any every stripe. And it doesn’t even touch the “laws” of economics at all, and much fo the evidence listed is simply flat assertion.
My point is this: if you favor the minimum wage, you should be able to find credible studies which strongly supports it. Heck, I can (and have) done that myself.
You’ve found credible studies that strongly condemn the minimum wage? The most famous study in recent history says the exact opposite. There are minimal if any negative impact from the minimum wage (at least at the sort of minimum wage levels we are talking about) and significant positive impacts.
I completely agree with the post about how companies keep wages low so they can make “more” profit. I recently retired from a company because 1. the company kept adding hours to our “hours of operation” without adding hours to the payroll, and because 2. A lot of Gen X younger employee candidates think they need to make a million a year the day they graduate from high school so “won’t work” “go on unemployment”, and I was salaried so I just “made up the difference” in the workload. When I finally got enough/or quality employees, those previously unused budgeted hours were just “gone”. What a crock!