Quote:
Originally Posted by Lakesrider
I agree, however there are many companies that don't want, or don't care for their employees to succeed. They simply want cheap help. Many people do not have or were not privy to a good education so they are stuck in place. And then there are the people who think they are simply entitled to better pay without actually having to work for that pay or build better skills for it.
|
LR is right on both counts but that is the free market system that has always worked for us and I sure wish I had a better solution.
Just for example of what the effect would be,examine an average small business with 30 or 40 emplyees and 1 million in annual sales.A $7.50 increase in the minimum wage equals a $15,000 annual increase.If they have 10 people at that rate it would be an increase of $150,000 which exceeds the average profit of most small business' and would probably cause them to close down.