08-14-2018, 05:49 PM
(08-14-2018, 05:33 PM)michaelsean Wrote: I said consider both because as I have said repeatedly all I hear is how giant companies can afford something. And no just because it's the same in an area doesn't mean they won't struggle. With that logic, you could make the minimum wage $50 and as long as everyone has to pay it, then no problem. People will find alternatives if your prices are too high. If businesses close because you raise their labor costs by 30% and they can't pass it on, then everyone loses.
I can't follow your argument. Are you talking about the weaker competitors being driven out of business or are you talking about entire industries being eliminated?
