- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Minimum wage battle is going to destroy small businesses!
Posted on 4/2/24 at 2:11 pm to fareplay
Posted on 4/2/24 at 2:11 pm to fareplay
quote:
Rich people fear mongering again on how the poor will ruin them
Least economically aware (and most predictable) response possible.
When labor costs go up as a result of an increased minimum wage, the cost of goods sold also goes up, thus reducing the buying power of those minimum wage workers.
Further, the MW increase hurts poor and middle class Americans most.
Big corporations can afford to a higher degree an increase in costs because they are often bolstered by public money (stock market) and significantly higher volumes. SMBs rely solely on their mom and pop shop to provide for their families. An increase in costs takes food directly off the table. Plus, the food and goods most affected by MW increases are those most consumed by the poor!!
This is a political play bent on false appeasement and a class warfare play designed to widen the wealth gap
Back to top
Follow TigerDroppings for LSU Football News