Ray From Cleveland
Diamond Member
- Aug 16, 2015
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That $15 minimum wage thing is going to setup an interesting battle in the Senate because I don't think the GOP is going to accept that. I highly doubt the Dem will get 10 Repubs to cross over and support that, and so the pressure will build to abolish the filibuster fairly quickly. Plus, I'd bet serious money that the House Dems will add the requirement to end the SALT deduction, and that won't go over well with the GOP either.
There were by some estimates over 100,000 small businesses that closed last year. If that $15 m-wage is passed, then I'd guess almost NONE of them will be coming back, nor new business startups either.
What the commies don't realize is that if an employer gives an employee a dollar an hour raise, it's going to cost the employer more than that dollar.
Employers match employee SS and Medicare contributions. Higher wages mean the employers unemployment and workman's compensation insurance rate will increase. It's a larger loss for an employer when he or she has to pay workers while they're not working such as during vacation and holidays.
In some of these cases, it will mean an employer will have to double or more the wage for their employees. No possible way for a struggling business to survive that today.