How the Federal government benefits from states raising the minimum wages...

[healthmyths]

Blog post >> Visit the Paycom blog to learn more

Ensure you’re up to date on 2025’s hourly minimum wage requirements in the states where you operate.

www.paycom.com

Now when I put a Google search for:"small businesses quitting because of minimum wage increases"
I get this Google AI reply.. based on Google AI searches resulting in
While some small businesses may face challenges due to minimum wage increases, research suggests that the idea of large numbers of small businesses closing solely because of minimum wage hikes is not widely supported by data, as many can often adjust by raising prices or improving efficiency, and may even benefit from a more stable workforce with higher wages; however, for some struggling businesses, a significant minimum wage increase could be a contributing factor to closure, especially if they have limited options to offset the added cost.
One of Google's AI sources:
Even in small businesses, minimum wage hikes don't cause job losses, study finds | Letters & Science
So......I ask the question
What are some unmentioned costs of the small business owners in raising minimum wages?
Well EVERYONE knows that means raising employee pay will cost... BUT do you uninformed people know about these
ADDITIONAL costs that raising minimum wages...
How many of you are aware that an employer pays to the Federal government
That employer will pay an additional 6.2% of your total wages and salaries for Social Security and an additional 1.45% for Medicare.
Of every employee's pay, the employer pays an additional 7.65%.
For example
In Connecticut's minimum wage increases from $15.69 to $16.35, a $.66 increase...BUT when you add 7.65% for SS/Medicare..
This means an employee working 40 hours a week 4 weeks a month, 12 months a year, the employer must pay the Federal government
an additional $100 per employee or $2,401.49 just in Connecticut!
AND who ultimately pays this ?
YOU and me.!!!!!
In 2024 :Current US Inflation Rates: 2000-2024
A 11 month average of 2.96% which again most of you don't comprehend this simple fact.
Assume an item cost $1.00 in Jan 2024 at the end of 11 months in November 2024 the cost is now $1.38 an increase of 38¢ in 11 months.

• January: 3.1% increase
• February: 3.2% increase
• March: 3.5% increase
• April: 3.4% increase
• May: 3.3% increase
• June: 3% increase
• July: 2.9% increase
• August: 2.5% increase
• September: 2.4% increase
• October: 2.6% increase
• November: 2.7% increase

Inflation's monthly rate increase, means an item that cost say $1.00 in January would now after 11 months costs $1.38!

 

[jwoodie]

The fact that minimum wages have to constantly be raised belies their legitimacy as a tool of sound public policy. All this really does is to force employers to readjust their entire wage structure in order to preserve incentives for job performance and promotion. This results in higher production costs and product pricing (i.e., inflation). Then the whole process has to repeat itself in a dysfunctional cycle.

 

[healthmyths]

The fact that minimum wages have to constantly be raised belies their legitimacy as a tool of sound public policy. All this really does is to force employers to readjust their entire wage structure in order to preserve incentives for job performance and promotion. This results in higher production costs and product pricing (i.e., inflation). Then the whole process has to repeat itself in a dysfunctional cycle.

And so the dysfunctional cycle continues.... to secure votes, politicians raise minimum wages, which in turn employers raise prices. The only solution is more accurate and less biased news.
I took journalism courses in the 1960s and we were taught the 5 "Ws". Who,What,When,Where and WHY!
it was only after television exemplified by Walter Cronkite that the biased MSM emphasis on the "WHY"
was the primary W.
Historically the "editorial page" was where "OPINIONS" were provided... the rest of the news was equally provided by the 5 "Ws".
Consequently the political affiliation of the news distributors, i.e. evening news anchors made biased presentations of the biased information we received.
Case in point starting with Cronkite. We were winning in Vietnam! That is a fact.
A key element to this fairy tale is the idea that the journalistic icons of the time, like CBS’s Walter Cronkite, were Olympian figures who would never stoop to play favorites or inject ideology into the news.

BUT...Walter Cronkite was one of the FIRST BIASED evening newscaster's who CAUSED thousands of American military lives in Vietnam!
In the end, Tet was a military disaster for the North, but it was a political victory for them in the West."
It is now conventional wisdom among American intellectuals of both Left and Right that the Vietnamese communist forces suffered a tremendous blow in that military effort, but the spectacle of such an all-out effort obliterated domestic support for the war in the United States.

But Cronkite saw it differently.
At this pregnant moment of the war, when prospects of victory never looked brighter, he concludes that the war is a stalemate and probably unwinnable.
Cronkite's Vietnam Blunder

This was the beginning of the BIASED MSM influencing people via the MSM's biased opinions!
alter Cronkite was one of the FIRST BIASED evening newscaster's who CAUSED thousands of American military lives in Vietnam! "In the end, Tet was a military disaster for the North, but it was a political victory for them in the West." It is now conventional wisdom among American intellectuals of both Left and Right that the Vietnamese communist forces suffered a tremendous blow in that military effort, but the spectacle of such an all-out effort obliterated domestic support for the war in the United States.

Cronkite and the Roots of Media Bias
A key element to this fairy tale is the idea that the journalistic icons of the time, like CBS’s Walter Cronkite, were Olympian figures who would never stoop to play favorites or inject ideology into the news.

But this view is totally false. As media news analyst Howard Kurtz writes in the Daily Beast, a new biography of Cronkite by Douglas Brinkley spills the beans on the godlike anchorman’s unethical practices, including blatant partisanship that would make the conservative talkers on Fox and the liberals on MSNBC blush. Cronkite’s partisanship against Republicans (especially Barry Goldwater and Richard Nixon) and in favor of liberal Democrats was so open that it must now seem shocking that he was rarely called out about it. He practically conspired with Bobby Kennedy during the run up to his presidential candidacy and was not too proud to stoop to dirty tricks at the expense of Lyndon Johnson, a Democrat he didn’t like.

Cronkite and the Roots of Media Bias

An essential element of the mainstream media’s myth about its own impartiality is the notion that before Fox News came along we were living in a golden age of broadcast news reporting.

www.commentary.org

"it is increasingly clear to this reporter that the only rational way out then will be to negotiate," essentially declaring that the war was a stalemate and that the U.S. should seek a way to end its involvement through negotiations, not military victory;
This broadcast is often referred to as the "Cronkite Moment" and is considered a turning point in public opinion about the war.

Digital History

www.digitalhistory.uh.edu

Proof?

Lyndon B Johnson said it... saying, “If I've lost Cronkite, I've lost Middle America.”