A new report shows minimum wage increases have had little effect on the number of jobs in Maryland and nationwide. While the rhetoric around increasing the minimum wage often comes with the caution it will reduce low-wage employment, a new review of decades of research showed most studies found no job losses after the state or local minimum wage is raised. Ben Zipperer, senior economist for the Economic Policy Institute and the review's co-author, said raising the minimum wage has unquestionably benefited workers. ...
Profits can go down slightly as long as it’s expected. The stock market is weird and the thing nobody likes is unexpected falling numbers. Stocks can maintain or even increase in value if the report matches the predictions and expectations. Even if that prediction is a slight lowering in profits.
Because people make money on businesses doing poorly as well by short selling
Well that’s a different case. That’s when the stock price goes down. Not necessarily when profits go down.