where does the money from payroll come from? (student in government)?

Question

does the money come from the companies or the government, and if the minimum wage increases, who pays the balance?

Answer 1

Holy crap. And to think in 30 years I'll be dead and you'll be in charge of the planet.

Assuming you work for a company and not for the government, the money you get paid comes from sales of the company's products or services. When the government raises the minimum wage, no more money comes in -- the company just has to take more of its money and pay it in wages.

What many companies do in this case is look for ways to cut other costs so they can afford to pay people more. One easy way to do that is to cut the number of people they employ. So raising the minimum wage has the negative effect of decreasing the number of people who have jobs.

If you work for the government, money comes from a variety of sources but most of it is revenue from taxes. I assume government employees are subject to the minimum wage, but I doubt the government has many minimum wage positions.

Answer 2

Depends upon who you work for. If you work for a business, the money for your paycheck comes from the business' customers. If you work for the government, it comes from the taxpayers.

If the minimum wage increases, the money comes from the employer of course. Who else would it come from??

Answer 3

MY TAXES (gov't)
YOUR BOSS (corp')