Quote:
Originally Posted by Unregistered
What you fail to see is that when you raise minimum wage the cost od the products also goes up, usually at a higher percentage than the minimum wage did, ergo giving them LESS purchasing power thus putting SMALLER companies out of business.
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Face it you guys only want an environment to do business whereas all the advantages rest with the business side.
Starting with Corporate Welfare to lobbyist who buy the politicians.
As for smaller companies going out of business due to the increase in minimum, please provide PROOF! I suspect it takes more to cause businesses to go out of business than just raising the minimum raise. Perhaps these business owner "wannabes" just aren't good business men. Anyway I challange you to show some PROOF that raising the minum rage causes sm. business's to go under.
Also, the U.S. economy is a consumer driven economy, you raise miminum wage, workers now have more money to purchase perishable and durable goods.