Posted by Tim on July 22, 2007 at 16:53:12 (EST):
In Reply to: Min wage posted by Maria on July 22, 2007 at 10:19:26 (EST):
:
: A PNC Economic Outlook survey done in April showed three out of four small- and middle-market business owners said raising the minimum wage would have little or no impact on their businesses. “
: Three cheers for minimum wage increase!!
That's wonderful. Most small business owners know this is only a temporary thing until they raise their prices and adjust their manhours to compensate for the increase in expenses.
Wait a minute...you didn't think it would have absolutely no affect did you? Of course it will, but it's only temporary until everyone starts to pay for that affect.
Don't get me wrong though, I think raising the minimum wage is a good idea. In fact it's really the only form of welfare that works in the slightest way. At least it makes a few, very few I imagine, want to work 40 hours/wk, at least until they can clear benefits again at the good ole assistance office.