Quote:
Originally Posted by FlamesAddiction
In Ontario when they drastically raised the minimum wage, it resulted in a lot of small businesses reducing working and business hours and hiring more part-time employees and contract workers to avoid paying benefits or having guaranteed hours.
Honestly, consumers don't want to pay what things are actually worth and that is a big issue. The cost of the product or service would be passed on to the consumer, and suddenly the new minimum wage is no different than the old minimum wage.
I see the issue of billionaire CEOs and owners of mega companies as a different issue. They aren't the ones that would really be affected. It more the working class business owners that would get screwed. As mentioned, a lot of them barely make any money as it is and they are the ones taking all the financial risk. A lot of them would love to make a guaranteed minimum wage without having to worry about the livelihood of others or whether they are going to ever rise from their business related crippling debt, but they are still caught up in the dream that things might get better.
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This post reads as though you believe it’s more important to ensure a small business owner can make money even if the people making them that money can’t afford to live. If there is a demand for a product people will pay for it, I for one am ok paying a dollar more for a combo at McDonald’s if it means the employees are getting a decent wage.