Rpruett on 07 July 2017
| atomicblue said: Some people in here are saying it would hurt business owners to keep the minimum wage higher, but owning a business isn't a right, it's a privilege. If the only way you can own a business is by underpaying employees, then you're not doing a very good job and it might be time to consider something else. |
It would hurt businesses to keep the minimum wage higher. Full stop. There's plenty of evidence that suggests it. Wages aren't charity either. They are earned through working. Go create a business, go create jobs for people, go invest everything you have to make it happen and then we can talk about business acumen.
It's quite simple supply/demand economics - when prices go up on just about anything, people will buy less of that anything. If you have the government artificially inflating the base wage cost (prices go up), businesses will buy less of them.
