Hey cool pop science graphics, truly the epitome of educational.

Here is a paper from Berkley showing the effects of increased minimum wage did not impact employment, did not significantly or proportionally increase costs and absolutely did put workers in a better position.

Elasticity was covered in my studies yes. Thanks for linking, if I ever forget the basics of economics I'll be sure to check back.

https://irle.berkeley.edu/wp-content/uploads/2025/09/Effects-of-a-20-Minimum-Wage-Evidence-from-Granular-Data-on-Wages-Employment-and-Prices-April-1-2026.pdf