Quote:
Originally Posted by First Lady
Yup.
Private employers ante up for the source deductions so it costs them more beyond the higher wage. They really have two choices; lay people off or pass the costs along to their customers by increasing prices of the product or service.
If everyone is raising costs of products and services the cost of living goes up.... so then what we up the living wage again.... vicious circle.
In the case of municipalities; like Calgary.... they raise our taxes....  |
So I guess in your world only 90% of the people can afford to the basic needs to live?
A wonderful cycle, isn't it?
Don't start crying wolf for businesses here now, there are plenty of large businesses which could afford to have their staffing costs double and barely blink and eye. Hell, I work for one (and no it is not an oil company and yes I have seen the financials).