Opinion | D.C. won’t lose residents because of a modest tax increase on the wealthy

The rich-flight, business-flight and tax-flight arguments utilized by company leaders have a long and infamous history within the minimum-wage coverage debates. Yr, after yr, the fearmongering is repeatedly refuted by numerous scientific studies displaying that the dystopian forecasts are simply false. Over the previous 20 years, municipal minimum-wage campaigns stoked many tales from conservative pundits, economists and politicians about how companies would merely transfer to the following metropolis over to keep away from the brand new minimal wage, and employees would depart town as a result of jobs would evaporate. However, unsurprisingly, the empirical analyses confirmed that these hyperbolic claims by no means truly materialized.