robzo100 on 06 July 2017
| VGPolyglot said: I see a lot of people say how there'll be businesses that go bust if they have to pay their workers a higher wage, but the question is, is that really a bad thing? I'm sure there were businesses that relied on slavery that went bust too once it was abolished, should we have kept slavery legal to ensure that didn't happen? |
In my opinion the minimum wage of 7-8$ is affordable for a single individual. Certainly not for supporting a family - which then raises the question why anyone would pursue supporting a family given those wages.
What I don't want to see if the disciminate application of minimum wage laws where certain industries get higher wages, like fast food industries, and then others dont: https://labor.ny.gov/formsdocs/factsheets/pdfs/p716.pdf This is bullshit if you ask me.
Minimum wage should naturally increase over time due to inflation, but if companies are struggling I can certainly see why adding few more workers for small sized business could have a significant impact.
