healthmyths
Platinum Member
- Sep 19, 2011
- 29,029
- 10,519
- Thread starter
- #81
A) 38% surveyed said they are going to lay off. I didn't say it THEY SAID IT! So why are you disputing what they said?38% employers will lay off employees if minimum wage raised..we told you
No, they won't, but they will replace them with better educated and older employees.
B) Why would they lay off they turn around and re-hire "educated and older employees"? That makes absolutely NO business sense!
Because you don't have the evidence that employers every carried through their silly threats before.
Your silly comment about B) above demonstrates you know nothing about business.
First of all you haven't a clue as to how people get paid minimum wage do you?
Second, I know enough about economics that:
1) if you have a lawn business employing 10 people at minimum wage $7.25 (Plus you business ignorant forget EMPLOYERS also pay 7.6% on top of wages FICA???)
2) That is in one year a total of $162,336.
3) But if they have to pay a 39% increase or $63,814 MORE per year.. WHERE will this business get the revenue to pay this additional $63,814?
This is NOT insignificant. And if YOU know so much about business then YOU'd appreciate that the evil business owner will have three choices:
1) Let 4 employees go that were paid the $63,000 but if he does he can't do the lawn mowing!
2) Or raise the prices to pick up the $63,000 BUT if he does that he will lose customers.
3) He can not get those evil profits he was making.... which is how people like you think he should do.
Of course those evil profits were buying lawn equipment so he could have hired MORE workers or even pay more taxes on evil profits.
So what will the business owner do is probably let 2 go and raise prices 20% losing customers.