There's a reason Walmart and the big companies have been allowed to remain open while thousands of small businesses have been shut down. It's becoming quite clear.
Mom and pop stores are still open. Has to do with the type of business, not whether its a big box store or not.
but the mom and pop stores are having to close because of a 15.00 min wage,,, not to mention a lot of small restaurants,,
Where?
all over the country,,, up until covid hit there were several reports on it and many concerns that it will get worse as more states imposed it,,,
All over the country? How many locales have a $15 minimum wage?
I was speaking of wheres it being implemented,,
Yeah, where?
Last week Senate Democrats introduced legislation to support a raise for minimum wage to $15 an hour by 2024. Nearly 20 states have already raised minimum wage at the local level. But is this really a good move for small businesses?
www.forbes.com
Pay wall, please post the pertinent portion of the article
Ballot Amendment 2 would raise Florida's minimum wage to $15 an hour.
www.foxbusiness.com
Minimum wage in Florida as of now is not $15, this is speculation by right wing media only.
Next month, 24 states and Washington, D.C., are set to increase their minimum wage. Business groups say increasing wages during the pandemic could be the nail in the coffin for many small companies.
www.wbur.org
Calling for a delay in the minimum wage due to the pandemic makes sense as the positive economic impacts of a higher minimum wage will not have impacted the local economy yet.
Contrary to Democrats’ claim that a $15 minimum wage is “good for businesses,” new research shows that a $15 minimum wage would cost as many as two million jobs. Business owners throughout the country have grappled with the costs and consequences of a higher wage mandate. View some of their...
www.minimumwage.com
So, this looks to be an astroturf site and there is a lot of content here. I have no idea if all or any of it is legitimate so I'll take the first item here:
“After Seattle implemented a $15 minimum wage, my business went from having seven employees to three. We used to have the ability to hire and train younger and entry-level employees, but now we don’t have the margins to hire inexperienced workers anymore. Now, we’re faced with the very real prospect of closing. The lesson from Seattle is that Congress can’t mandate its way to wage growth and prosperity, because those mandates hit small businesses hard.”
Heidi Mann, Subway franchisee, Seattle, WA
So, this lines up with the belief that in Seattle all these restaurants were closing due to a raising minimum wage and there were concerns from conservative sources that restaurants were closing down as the deadline for the rising minimum wage was upon them. Turns out that wasn't true and more restaurants were opening up knowing of the incoming wage.
Conservative pundits say recent Seattle restaurant closures may have been linked to the city’s new $15 minimum wage. We find that claim to be false.
www.seattletimes.com
Some business owners were threatening to leave, they didn't for the most part.
The city adopted a $15 minimum wage four years ago. Here’s what happened.
www.vox.com
Generally, those business owners who threatened to leave Seattle to evade the new wage haven’t been following through. “The restaurant industry moans and groans about minimum wage increase, but the Seattle newspaper every month has a story about 40 new restaurants opening,” said Jennifer Romich, a University of Washington social policy researcher. (According to the Bureau of Labor Statistics, the number of jobs in restaurants and bars in the Seattle area has grown from 134,000 to 158,000 since 2015.) Surveying employers, Romich and other researchers found the most common response to the wage increase was to raise prices or fiddle with workers’ hours, and a “very small percentage were thinking about withdrawing or leaving the city.”
From the same article the benefit to employees immediately wasn't great as their hours were reduced however ultimately overtime they were taking home more money or at the very worst working fewer hours for the same pay.
The story for employees is much more varied. The minimum wage for some large employers jumped from $11 to $13 from 2015 to 2016. The economists observed the impact of the hike in 2017 and found it had dramatic effects on the low-wage workforce and employment.
Not all of them were good. They found that the policy “reduced hours worked in low-wage jobs by 6-7 percent, while hourly wages in such jobs increased by 3 percent ... consequently, total payroll for such jobs decreased.” That means the total amount that employers paid to workers was less with the new minimum wage in place than projected payroll if the policy hadn’t gone into effect.
The data, researcher Mark C. Long explained, suggested a “tipping point” between $11 and $13 “when it becomes less tenable to keep work in the city.” (Critics were quick to point out that this likely wasn’t solely due to the minimum wage policy — Seattle’s labor market continued to heat up during that period, reducing the number of low-wage jobs compared to high-wage jobs overall.)
But a year later, the team published another paper that complicated their findings. They looked at the same time period and same wage increase, but this time broke down the actual take-home pay of workers. They found that workers who were already employed at the low end of the wage scale in Seattle “enjoyed significantly more rapid hourly wage growth,” following wage increases in 2015 and 2016.
Those who were already working more hours before the wage increase saw “essentially all of the earnings increases,” while the workers who had fewer hours saw their hours go down, but wages go up enough so that their overall earnings didn’t really change. They theorized that a slowdown in new hiring for low-wage jobs could explain their earlier findings that overall payroll had gone down.
Ultimately, workers already employed either saw their take-home pay go up or stay roughly the same while working fewer hours.
Now it could be that not every part of the country needs a $15 minimum wage, I tend to agree with that as say Mississippi which has an incredibly low cost of living due to the fact that the state just doesn't have a lot of wealth would most likely not benefit from a $15 minimum wage. However, the current 11 year old wage is probably out of date.
I could go on ,, there are hundreds of stories about the subject
Actually what you're doing is trying to create a tidal wave of content to argue against. You should keep your sources down to two or less, I don't have the time to read 5 different links or subscribe to get behind a paywall.
