Jarhead
Gold Member
- Jan 11, 2010
- 20,670
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If a company can't make money paying 10 bucks an hour, then it should go out of business and leave it to the companies who can.
So if a business owner is making 75K off of his/her business of 3 employees...and raising the minimum wage on his 3 employees $2 an hour or $240 a week which, when you add in 15% for the cost of payroll is 275 a week, with the annual addition of expenses being over 14,000 a year...
He/ she will lose about 20% of his or her income.
So that person who was making 75K a year WHILE employing 3 people should shut his or her business?
Wow. You really are clueless about what makes up the majority of our small business owners.
Hint....most don't make 100 Million a year..
I have no problem with that. Three people generating 75,000 a year for their employer because they're working at minimum wage sounds a bit exploitative to me.
Seeing as they can leave that job anytime they want, and therefore there by choice, I don't see how it is exploitive.
Your way of thinking is...well.....kind of immature.