Well, just a quick response to that small business owner.
First, no raise in the minimum would occur all at once, especially one that large. Even smaller increases are phased in over a period of years. Second, I am quite certain that Congress won't pass anything that large without exempting any number of businesses, including those who employ less than "xx" number people, taking care of a large number of small businesses right there. Third, it plausibly would put some businesses out of business--but that happens all the time as a consequence of free trade, with business moving to Asia, the Caribbean, central America etc., without the people who will undoubtedly oppose this increase (e.g., Nat'l Ass of Manufacturers, Chamber of Commerce, etc) uttering a peep other than, sorry, can't compete giving these wages and benefits.
I'm sure there's more, but don't have enough time right now to think of it. |
