Quote:
Originally Posted by 12clicks
If a company spends $1000 a day for 5 employees and the government comes in and tells them to pay $250 a day instead of $200 a day, the company just lays someone off.
If you think raising the minimum wage will result in any other way, you've never run a business.
|
Unless you need 5 employees to run the business.
While I'm sure some owners run a business so badly they would be forced to lay people/someone off.... most either take it out of the profits or more logically adjust costs so the consumer covers the cost, which is how most products/services are setup already.
Wage increases and/or hiring just 1 more person, both stimulate the economy by increasing the purchasing power of the people, thus allowing for demand to go up, thus more mass jobs opening up to cover the demand.
Whatever the hell it takes.. that's what needs to happen right now.