Contrary to what supporters claim, increasing the minimum wage does not create jobs and stimulate the economy,” wrote Erin Shannon, the center’s small business analyst. “The higher wages are not free money. The increased cost must either be absorbed by the employer, which is impossible for many who already operate on shoe-string profit margins, or it must be passed on to workers, in the form of reduced hours and benefits, and consumers, in the form of higher prices. Either way, someone pays.” Ding, ding, ding! Erin Shannon hits the nail on the head. Either way, someone pays and it is generally NOT the company. Who pays? The taxpayers and the consumers. Sigh. watchdog.org/148542/minimum-wage-seattle-3/
Posted on: Fri, 06 Jun 2014 19:21:58 +0000
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