Do the people in Ohio realize how bad they will damage business with their new minimum wage?

Question

They voted in a new minimum wage, except few workers actually work for it even after it takes effect. So it helps very few people directly.

But those employers not only pay the higher wage, they pay higher taxes for those employees through payroll taxes and Social Security taxes, so the cost of a minimally skilled worker is going to shoot through the roof and there will be fewer jobs at that level.

Answer 1

You can't have it both ways....either so few people get it that it makes no difference or so many people get it that it will bankrupt your crummy little business.

Which is it?

Answer 2

Minimum salary is anything that are supposed to be left as much as states to keep an eye on as they are able to larger check what industries their respective economies are made from and the way elevating or decreasing it might impact their person economic climate. It isn't unhealthy all of the occasions. There are moments while minimal salary ought to maintain up with the fee of dwelling. What we have to do is reduce govt spending on needless matters, placed the federal government on a feasible price range in order that minimal salary raises don't negatively impact the economic climate. One factor I can do is guess that you have by no means needed to continue to exist minimal salary.

Answer 3

Yeah. And what you left out: Everything else is going to go up, except YOUR paycheck. Housing, groceries, utilities, entertainment. Every time the minimum wage goes up, the person who gets hurt is the one in the middle, the guy who pays for it all.

Answer 4

Yes, on top of that, we voted in a Democratic Governor, who has no thoughts about lowering taxes to stimulate the economy, which already sucks here. Yea, we showed 'em!