Hilarious! Increase my competitors costs so it will be easier for me. Is this
really the function of government?
"A higher minimum wage helps reduce the structural advantages large
corporations have over small businesses?"How?I
don't get it.If everyone pays more for labor, how does that
benefit the small business owner?. . . .UNLESS . . . The small
businessman is already paying more for each unit of labor than his larger
competitors in order to hire superior workers. Superior workers create a
superior product, which equates to customer satisfaction.If the
minimum wage increases, his competitors must raise their prices, making his
product more desirable in comparison, but even then the benefit to his small
business would be only temporary.The labor he hired is already
superior because he pays more money. With a higher minimum wage, everyone would
be paying more money, and his status as an attractive high-paying employer would
be diluted, and he could lose his great staff . . . unless he raises the wages
he pays . . . And then we're back to square one.Sorry, but the
whole line of reasoning seems bogus to me.. . . Unless I'm
missing something.A higher minimum wage would benefit big debtors,
and maybe that's the real but hidden reason behind all his silly-sounding
@Max - One factor to consider is the extremely favorable tax and legislative
influence larger corporations have over small businesses, the owner quoted in
this article is simply suggesting to slightly level the playing field. This will
cause a marginal increase in prices to the consumer but should held reduce the
need for government assistance programs.
If you run a restaurant and you want to pay your dishwashers like office
workers, then you are free to pay your dishwashers like office workers. You
will have the best dishwashers in the business. The only reason
this makes sense is because a minimum wage increase will give the business owner
an excuse to pass the new expense on to his/her customers. That is called
inflation and it is not good for the economy.
This article made no sense to me. Maybe Karl Marx could help us understand this
Small businesses are finally waking up to the fact they are under attack from
large businesses and corporations who finance political campaigns and control
politicians that steer largesse their way. For instance, Utah has economic
incentives that benefit large businesses but never give those incentives to the
small businesses. In fact, some of those big businesses put small competitors
out of business using tax payer subsidies. Billionaire investor, Nick Hanauer
has given TED talks and written books on how the destruction of the middle class
and their disposable income is destroying our economy which is based on consumer
spending like most capitalist systems do. Many small businesses are seeing that
there is no longer enough middle class people to spend money to keep their
businesses going, leading to more layoffs, even less consumer spending and a
continuing of this vicious cycle down the economic toilet our country has
become. I suspect once people wake up to basic capitalistic economics and that
large corporations have bought politicians to rig the playing field in their
favor, things will finally begin to change.
The first sentence in the article: "Small-business owners are looking for an
increase in the minimum wage, as it’ll grow their businesses and allow
them to compete with the big boys in town."Well, this was
obviously written by a liberal......The only way any small business
owner is thinking it's a smart move to raise the minimum age is.....wait a
minute. There is NO good reason to do this.They can pay their
employees more and then after that they raise the prices of their goods. After
that, they can watch fewer and fewer customers walk in their doors until they
have to close thier doors for good.Happy now?(And, by
the way, ANY business can pay their employees more at any time if they want.
Why wait for a mandatory wage increase? If they REALLY cared about their
employees, wouldn't they do that no matter what?)
What about small businesses who manufacture their products in America, and
compete with small businesses who don't? How would raising the minimum
wage help them exactly? Just so happens, I run such a Made in USA business.
It's not hard to believe at all. Small business owners largely sell
discretionary purchases and services. If nobody has any money left over from the
essentials, business will be bad. The fact is most of the large
chain profits leave the country. The stuff is made in China and the profits get
shuffled over to tax havens. Even the large food chains get there food from
other countries and whenever they can they hire illegal immigrants to work for
them.American workers; you are either for us or against us.
One problem with this article = inflation. inflation, inflation, inflation.
Like anything that sounds too good to be true, raising the minimum wage is a
Why $15? Why not $25? Why not $100? Everybody will adjust their salaries and
prices accordingly and, guess what? The poor will be right back where they were.
Suppress prices? that's how the produce shortages in Cuba, Venezuela,
Russia, et al, were created.What's the solution? Let free agency take
its course and allow consequences to provide the proper education, providing
support for the most indigent cases just below a minimal level of comfort so as
to promote progress to self-sustenance. Of course, this should always be
coupled with the recognition of the value of charitable giving administered by
the most effective organizations- those at the grass roots level.