did you read my fucking post? like I said in my previous post, there can be advantages to raising minimum wage. did you read that?
now raising minimum wage can have a positive effect on the economy. that's true. but raising minimum wage in an economy while at the same time raising taxes in that same economy can have disastrous consequences. we are going through a period of increased taxes, federal, state, sales tax, etc. and you think this is a good time to raise minimum wage? dude go back to school. seriously. that can't possibly make sense to you.
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Wouldn't this depend on the level of the min wage and the level of taxation and not so much on whether those levels are going up, down or sideways?
Because, basically, you seem to be saying that simultaneously raising labor and tax costs will make profitability so unlikely that businesses will need to shut down but that seems to be an oversimplification if there's no reference to what those levels are.
I agree that if a business that uses a lot of min wage workers and is being efficiently managed in terms of manpower and barely profitable already, then that business is going to have a big problem with a min wage hike.
I'm wondering, though, what businesses are we talking about here? Landscaping, maybe? I'd honestly like to know more about this.
One thing seems curious to me: Some states have a special "tipped worker" minimum wage. States like NC pay waiters and other tipped workers only $2.13/hr.
But somehow prices at these restaurants is almost exactly the same as at restaurants in states like CA where there is no special shitty min wage for tipped workers. (I have personal knowledge of this because I recently moved from Raleigh, NC to SoCal.)
Why do you think that is? Are the CA restaurants just making less profit?