Minimum Wage
In the State of the Union address President Obama talked about raising the minimum wage to $10.10/hr. He also talked about small businesses that have already raised their employee's wages to above $10/hr.
What I think is funny is that Obama thinks that these are examples of why we should raise the minimum wage. In contrast it is an example of why we should not do it. These businesses raised their employee's wages because they wanted a better employee than minimum wage would offer them. By raising the minimum wage to or above what small employers have raised their employee's wages to, would only put those businesses back to the minimum wage category and they would once again have minimum wage quality type employees working for them. There would be no incentive for a good worker to choose them over a different minimum wage job.
I think we should stop knocking down the little guy or the small business owner when they finally have a foot hold to get ahead of the competition.
What I think is funny is that Obama thinks that these are examples of why we should raise the minimum wage. In contrast it is an example of why we should not do it. These businesses raised their employee's wages because they wanted a better employee than minimum wage would offer them. By raising the minimum wage to or above what small employers have raised their employee's wages to, would only put those businesses back to the minimum wage category and they would once again have minimum wage quality type employees working for them. There would be no incentive for a good worker to choose them over a different minimum wage job.
I think we should stop knocking down the little guy or the small business owner when they finally have a foot hold to get ahead of the competition.
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