Not one of rich will be affected and YOU know it!
Your facetiousness ignores the FACT there are about 104,000 people that will be affected in that since most of them are low skilled workers i.e. janitors/dish washers here is what will happen:
Janitors will be replaced by robo sweepers that sell for $300.. replace plenty of these dust busters!
Automatic dishwashers costs for high volume food locations about $6,000... equal to the pay increase for ONE dishwasher worker!
Unemployment will increase. Is that what Obama wants??
Unemployment will not increase. It never has, and money paid to employees is deductible,
See:
Salaries and Wages - What you can Deduct as Business Expenses
Amazing how the business owner community come unglued when we challenge their precious myth about unemployment increasing. They get spoiled after believing it was untouchable, as they thought they had it as a sure weapon that would always work against MW raisers.
The paradoxical thing about about it is though, that almost all business will GAIN from a minimum wage raise (not lose), from the enormous rise in disposable income, one of the few engines that can really energetically boost
SALES$$$.
Not a word about that from these paranoics on that. They've been conditioned and programmed quite well by the BIG businesses (primarily oil companies, supermarkets and department stores) who have very large numbers of MW workers, and who therefore gain less than the smaller companies. Even they however, do make substantial gains which offset their large labor cost losses, because like anyone else, they sell more, after MW increases, than they did before.
Interesting to note that the only ones who have a lesser gain from the increase disposable income might be the oil companies and supermarkets. Why ? Because the products they sell are things that people HAVE TO HAVE, and are going to buy no matter what. Mothers are still going to buy milk for their babies. Motorists are still going to buy gasoline (even though they may grumble more at the increased prices).
So these guys might not gain much from the DI increases, HOWEVER, this may not be as true as some economists might think, either. Take a walk through your local large supermarket and just look at how many non-essential items are on the shelves. The list of DONT-HAVE-TO-HAVES could number in the thousands. Just going through the spices and sauces section there are too many to even comprehend. In addition, to non-essential foods, supermarkets also sell magazines, T-shirts, CDs, hair colorings, etc. And with the gas stations, well, motorists have gotten tougher with them in recent years. People have devised ways to save on gas with coupons, store discounts, driving less, and switching to smaller cars and/or hybrids.
Still and all, one would think that small business owners would not be so brainwashed by the big boys, and realize that if the people living around their stores don't have any money in their pockets, this makes it harder to sell their stuff. My biggest frustration when I owned a business selling club memberships for $1000 apiece, was all the callers who, when I asked how much they could pay for a down payment, they, day after day, replied
"Uh, ten bucks". And guess why they could only pay $10, and were so broke. Guess why I lost all those SALES$$$. Because somebody out there is paying them a very low minimum wage. THAT'S WHY. I wonder what it takes for this to begin focus for all those brainwashed sellers out there.
Fact is, for the overwhelming number of production companies, moving to another country simply isnt ECONOMICAL, or anything close to it.
