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Re: What Puerto Rico Can Teach Us About The Minimum Wage 

By: Decomposed in POPE IV | Recommend this post (5)
Tue, 10 Jan 17 10:12 AM | 56 view(s)
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Msg. 17761 of 47202
(This msg. is a reply to 17759 by ribit)

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ribit: 

re: "...while I am sure that everyone wants to make more money, when the government makes it mandatory it is nothing more than a tax designed to redistribute income."

In truth, it is a prohibition against hiring people with minimal skills. No intelligent businessman is going to pay his staff more than they are worth. Doing so will shut him down.

As the article says, SOME businesses can offset increased payroll costs with higher prices, but not all can do that. Some have to compete with others that are out-of-state and have cheaper labor. For these companies, price increases on the end-product will result in a product that's no longer competitive.

I'm preaching to the choir, I know. It's the Triple Farters who don't understand.
 




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The above is a reply to the following message:
Re: What Puerto Rico Can Teach Us About The Minimum Wage
By: ribit
in POPE IV
Tue, 10 Jan 17 10:01 AM
Msg. 17759 of 47202

...while I am sure that everyone wants to make more money, when the government makes it mandatory it is nothing more than a tax designed to redistribute income.


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