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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous]Its not going to pass, IMO. Joe Manchin (Senator from West Virginia) is deeply against it. His vote is critical in the Senate. $15 minimum wage requirements would be devastating to his state’s already struggling small businesses. Imagine being a small business owner, barely making ends meet, and your labor costs doubled. Businesses in high cost of living states can absorb more easily, but many service industries are against this proposed legislation. You may raise wage for one worker, but layoff two [/quote] Layoffs have not occurred where this has been implemented although the argument is always that they will. Economists come out on both sides. The challenge for me is that you pay now or pay later, but you pay. Americans end up subsidizing these folks with food stamps and other government programs b/c you can't live on the current minimum wage.[/quote]
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