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If a small business owner has to pay their workers $15/hr, how will they survive? Shut down? Be forced to work a minimum wage job? Who can?
live on THAT!?!?
6 Answers
- ?Lv 62 months ago
Simple. The owner either will raise prices or cut the work force. One or the other will happen. Myself, I would let people go / cut the work force but keep the people I can depend on to show for work. Less people to call off work. Less people who have to be insured on company property, so lower premiums. So now who is the winner here.
- The TruthseekerLv 72 months ago
Canada has been doing it for years. No one went out of business. Businesses and Republicans always spout the same worn out lies. Many companies in California have been doing this for years and there is still a shortage of workers.
- random_manLv 72 months ago
So A) You're upset that the minimum wage might be "too high" ($15), so you'll have to shut down and then B) you're upset that the minimum wage is "too low" to live on?
You kind of have to pick one - is it too low or too high?
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- Eugene DLv 62 months ago
He'll have to cut 25% of his workforce AND raise the prices on his consumer goods to make up the difference.
Or. Leave the prices the same and cut 50% of his workforce.Doubling the minimum wage is just like having to double the staff.