There is a timing problem with blaming "greedy businesses" for inflation. We're businesses not greedy during the 1990s and the first 2 decades of the 21st century? And then they all became greedy at once?
An honest reason to support a higher minimum wage would be to acknowledge that a hinger minimum will reduce employment but to accept this as a way to redistribute income to low wage employees (provided the elasticity of demand for low marginal product labor is low), if more efficient means like the EITC are no politically feasible at the time.
There is a timing problem with blaming "greedy businesses" for inflation. We're businesses not greedy during the 1990s and the first 2 decades of the 21st century? And then they all became greedy at once?
An honest reason to support a higher minimum wage would be to acknowledge that a hinger minimum will reduce employment but to accept this as a way to redistribute income to low wage employees (provided the elasticity of demand for low marginal product labor is low), if more efficient means like the EITC are no politically feasible at the time.