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Thursday, April 10, 2014
Raising the minimum wage kills American jobs
It seems that people think that raising the minimum wage will create more jobs when you raise the cost of labor which is majority of a business expenses you have to two choices either you raise prices to keep the personal you have this will result in people not coming to your business or you lay off workers to keep the same level of expenses you have and keep your customers coming. Most employers will choose the second over the first. Most employers do not enjoy laying off workers. Most employers usually pay workers above the minimum wage so they can keep and attract workers. You can also improve your ability to get a higher paying job. If you demand a higher wage then you have less jobs as a result. These fight for 15 folks left over from the Occupy Movement do not understand that if you pay higher wage you have to compensate someone most business like to control cost.
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