General Discussion
In reply to the discussion: "$15/hr will kill small businesses" is this true? [View all]Johnny2X2X
(19,060 posts)Other small businesses will be helped though. It all depends. But millions of people will earn more money and have better standards of living because of it.
$15 is going to happen one way or another.
I know many small business owners, they will adjust and still turn a profit. I think there will be waivers possible. This is workable. $7.25 is not OK.
Many small business owners think they get to be millionaires for owning a small business. They try to dumb their jobs down so they can pay bare minimum. They aren't as successful as owners that invest in their workers and allow their workers creativity to be a wealth building tool. $15 an hour allows people to live.
We have deified the small business owner, as if their wellbeing outweighs the wellbeing of 50 workers. $15 minimum wage will cause some to go out of business because they aren't very good business owners. It will actually cause others to grow their business though.