ijohn57s
Jr. Member
Posts: 449
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« on: July 20, 2004, 10:38:03 AM » |
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Raising the minimum raise to $7.00 would be an economic disaster. Small businesses would go out of business, and larger companies would have to lay people off. You can't pay as many people at $7.00 an hour as at $5.15 an hour. Unemployment and prices would go up. If you don't believe that, think about what NewFederalist wrote. Why don't you raise it to $10. Then $20. $30? $50? No. It would destroy the ecomony. Raising the minimum wage won't help. Also, people working at minimum wage are mostly teenagers and young adults. Those are starting level jobs, not careers.
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