posted on Nov, 14 2006 @ 02:40 PM
The only people who benefit from an increased minimum wage are the politicians. When businesses have to pay their employees more, the increase is
passed on to consumers.
When the pot washer gets a pay raise, the dishwasher wants one, too. When the dishwasher gets a raise the cook wants one, too. When the cook gets a
pay raise, the manager wants one, too, and because profit margins for small businesses are so small, the business owner has to raise prices and the
impact reverberates through the economy so rapidly that within six months of the raise, the minimum wage earners have lost the benefit of the
This observation is based on my own personal experience. I've seen it happen several times in my lifetime and there have been no exceptions.
The same principle goes for taxes. People complain about tax cuts for the rich, but the fact is that the rich provide the capital that fuels the
economy. When the rich and corporations have less money to invest, the economy and wage earners suffer. When business gets an tax increase, the tax
increase gets passed along to the consumer, so the little guy takes a double whammy.
[edit on 2006/11/14 by GradyPhilpott]