2007-07-16 06:33:53 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes they do but the do not care. All raising the minimum wage is going to do is raise the standard cost of living and if they do that then there raise of minimum wage will be ineffective. Minimum wage jobs are not meant to support a family on they are meant to be first jobs or stepping stones to prove yourself reliable and a hard worker if you are neither then you will always be stuck in minimum wage jobs.
2007-07-16 06:42:53 · answer #1 · answered by Curiam 3 · 3⤊ 1⤋
We hear that argument EVERY time the minimum wage is increased. And every time that it does increase, the doom and gloom that was forecast turns out to be an absolute non-issue.
Any business owner worth their salt manages to work around it either by improving efficiencies elsewhere, adding a couple of cents here and there to prices, trimming a bit of cost here or there, basically whatever it takes.
If paying an extra $30 per week per minimum wage employee is going to bankrupt a business then it's in its death throws anyway and probably needs to be put out of its misery. We here all of the threats, but they never materialize.
The SAD fact is that in 1967 you could support a family of 4 on the minimum wage -- a whacking great $1.40 an hour. It wasn't anything fancy of course but it WAS survival. The minimum wage would have to be somewhere in the region of $12 an hour if it had kept pace with inflation and at that level today it would still provide a subsistence level for a family of four. The argument that it's a "starter wage" is a load of crap foisted upon the public by greedy businesses that could care less about families.
2007-07-16 18:22:07 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 2⤋
Its certainly a cry you hear from small businesses, but I am not sure there is hard evidence to support this contention. Small business often go broke usually because of lack of initial investment or bad business planning. A minimum wage has been around in the UK for some time now, its pretty low but does at least some financial support to the worker.
2007-07-16 13:51:37 · answer #3 · answered by wanderjahre 3 · 1⤊ 0⤋
I agree with what Curiam said.
Always people are trying to treat the symptoms but never the disease.
2007-07-16 14:25:13 · answer #4 · answered by Molly 6 · 1⤊ 1⤋
No they dont - because they are so far out of touch.
2007-07-16 13:47:21 · answer #5 · answered by Valerie H 4 · 0⤊ 1⤋