Little-Acorn
Gold Member
When you raise the Minimum Wage to, say, $8.50/hr, all you're really doing is eliminating all the jobs whose labor doesn't bring in $8.50/hr or more income into the business.
Actually, you're eliminating the jobs that won't bring in ($8.50/hr plus the overhead, accounting etc. expenses) income into the business. So you're really eliminating the jobs who don't bring in $11/hr, $12/hr, or whatever the total is.
Why should an employer hire someone, if hiring him will cause a net loss to the business?
Is there still somebody here who's pretending the employer has some responsibility to the guy's family, car upkeep etc. beyond his wages?
Actually, you're eliminating the jobs that won't bring in ($8.50/hr plus the overhead, accounting etc. expenses) income into the business. So you're really eliminating the jobs who don't bring in $11/hr, $12/hr, or whatever the total is.
Why should an employer hire someone, if hiring him will cause a net loss to the business?
Is there still somebody here who's pretending the employer has some responsibility to the guy's family, car upkeep etc. beyond his wages?