You obviously have never owned a restaurant. I have. Pennies on the dollar, you are full of shit. Most of our costs were labor and food. Sure, it's easy during lunch and dinner and bar rush. My restaurant was across the street from UNC Chapel Hill, but you have no idea obviously how expensive it is to staff the rest of the day, labor is a huge drain. In Chapel Hill across the street from UNC restaurants fail all the time. How is that possible that doubling their labor costs won't affect them?
Stop listening to the idiotic lawyers like Al Gore and Obama Bin Laden who haven't earned a dollar in their lives and have never taken an economics class, they just tell you what they want you to think. Stop thinking it, they are ... wait for it ... lying to you ... Who'd a thought? A lawyer lie to you? A politician lie to you? Actually, that's not the surprising part. The surprising part is you ... believe ... them. BTW, the checks in the mail and we are just friends. Wow. Liberals are so naive
You know what opinion really matters? The experts. Over 600 economists signed a letter urging congress to raise the minimum wage. 7 of them are Nobel prize winners. Be sure to read the last paragraph of the letter.
Over 600 Economists Sign Letter In Support of 10.10 Minimum Wage Economist Statement on the Federal Minimum Wage Economic Policy Institute
"July will mark five years since the federal minimum wage was last raised. We urge you to act now and enact a three-step raise of 95 cents a year for three years—which would mean a minimum wage of $10.10 by 2016—and then index it to protect against inflation. Senator Tom Harkin and Representative George Miller have introduced legislation to accomplish this. The increase to $10.10 would mean that minimum-wage workers who work full time, full year would see a raise from their current salary of roughly $15,000 to roughly $21,000. These proposals also usefully raise the tipped minimum wage to 70% of the regular minimum.
This policy would directly provide higher wages for close to 17 million workers by 2016. Furthermore, another 11 million workers whose wages are just above the new minimum would likely see a wage increase through “spillover” effects, as employers adjust their internal wage ladders. The vast majority of employees who would benefit are adults in working families, disproportionately women, who work at least 20 hours a week and depend on these earnings to make ends meet. At a time when persistent high unemployment is putting enormous downward pressure on wages, such a minimum-wage increase would provide a much-needed boost to the earnings of low-wage workers.
In recent years there have been important developments in the academic literature on the effect of increases in the minimum wage on employment, with the weight of evidence now showing that increases in the minimum wage have had little or no negative effect on the employment of minimum-wage workers, even during times of weakness in the labor market. Research suggests that a minimum-wage increase could have a small stimulative effect on the economy as low-wage workers spend their additional earnings, raising demand and job growth, and providing some help on the jobs front."