Higher Minimum Wage Hurts Small Businesses?

[Omaha Steve]

http://raisethewagemn.org/video-exposing-the-myths-about-the-minimum-wage/

February 2, 2014

Many arguments are being made about whether or not to raise Minnesota’s minimum wage. In a series of videos, Workday Minnesota is examining some of the myths and realities about the minimum wage. This video features Barb Johnson, a small business owner in Winthrop, Minnesota.

Published on Jan 31, 2014

http://workdayminnesota.org Many arguments are being made about whether or not to raise Minnesota's minimum wage. In a series of videos, Workday Minnesota is examining some of the myths and realities about the minimum wage. This video features Barb Johnson, a small business owner in Winthrop, Minnesota.

[1StrongBlackMan]

1. But ... But ...

if we raise the minimum wage, do you realize how much more each service unit will have to produce in order to maintain current profits?????

Wait ... we cut U/C are walmart lost money? Well ... gargle, garble, garble ...

[tclambert]

2. She gets the important thing that workers are also customers.

If all the minimum wage workers in you area get a higher wage, they can afford to buy more pie. She may have to hire more staff.

The people who argue minimum wage increases will force them to layoff workers haven't looked any further than their own payroll. They assume (quite incorrectly as it turns out) that the increase will not create any more customer demand. Honestly, I checked, and many economic modeling programs make the assumption that increasing the minimum wage has exactly zero effect on the overall economy. Then politicized economists use that bad assumption to conclude that an increase will hurt the economy. Then they argue we should do away with the minimum wage altogether, because, hell, don't you really miss slavery?