5 comments posted · 35 followers · following 2
"It is not the government's job to protect business owners from losing money when their product is mediocre, but is the responsibility of government to ensure that people are paid an appropriate living wage for the hours they log."
I further reply: It is neither the responsibility of government to protect business owners from losing money, nor to ensure that people are paid an appropriate living wage. It is the owner’s responsibility to try to succeed at business (legally), and the employee’s responsibility to develop skills and work diligently to attain and maintain an income to achieve their desired living standard.
"If a business can't afford to pay their employees, it is time for them to be shut down and let another take a stab at running that type of business properly. That is capitalism."
I reply: That is exactly what happens in a capitalist enterprise. If a business can’t afford to pay its employees, the owner will lose employees, lose money, probably lose his business, or have to sell it real cheap. No one has to shut him down. The market takes care of that.
Why does Chuck Schumer get a free pass? He fits the MoveOn.org pattern of Democrats selected for adverse actions. I'm sure ex-klansman Byrd would agree.
As an example, higher restaurant costs may result in more home meals, or going to cheaper restaurants. Higher labor costs in San Francisco auto repair shops may cause people to get their cars repaired in Oakland. Why would raising the minimum wage increase the wages of auto repairmen? Because a minimum wage increase eliminates wage differentials, and those in higher paid jobs soon get raises to reestablish the skill differentials.
If raising the minimum wage didn't have a negative effect on small business, I guess we could raise it to $20 an hour. Or why not $25?