Absolutely nothing happened with the initial raise of $1 last October. There are only two ways that people are going to lose their jobs over a higher minimum wage. The first is if the business closes it's door entirely. Capitalism would suggest that if this happens, then the void created in whatever business this is would be filled somehow to satiate demand. The second is that a business would have to let people go to 'trim the fat'. If you are working in a minimum wage setting, I'm sure that fat has been trimmed long ago. All of this is just a simple caving to political pressure. Pressure that is not coming from the electorate.
__________________
"By Grabthar's hammer ... what a savings."
|