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Saturday, March 8, 2014
Alaska Democrats and some Alaska's want to slow growth of economy by having a higher minimum wage
Here is the truth about when you raise the minimum wage you actually kill jobs and lower the economic growth. Raising the minimum from $7.75 to $9.75 an hour by 2016. Here is what really happens you prevent business from growing. People say you give people more pay. Here is what really happens since it hurts small businesses the most. The majority of the cost of any business is labor. If your labor cost go you could either raise prices to keep your employee or lay off the employees or scale back their hours. This would require the employee to find another job so they can make a living. Do to the wage going up prices go up right along with it. The better idea is to eliminate the minimum wage let the market set what a persons talent is worth. Most employers pay higher than the minimum wage in order to keep the eliminate. In Alaska the minimum wage maybe $7.75 in order to keep the worker you have pay the worker at $11 an hour. Please defeat this is a jobs killer on the August 19th primary.
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