Corporations are big into lobbying. “Studies” like this help them to convince lawmakers to make decisions that benefit them.

In this case, they might not be able to easily lower minimum wage, but they can say that it’s been a burden and try to get a break in other ways.

Edit in response to the edited comment above:
Poe’s Law, should have included a “/s” at least. https://en.m.wikipedia.org/wiki/Poe’s_law