More Minimum Wage Facts
The money to pay for an increased minimum wage can only come from four places:
- other minimum wage workers, in the form of layoffs and reduced hours;
- higher wage workers, in the form of static or reduced compensation;
- investors, in the form of lower profits; or
- customers, in the form of higher prices.
Most often it comes from other minimum wage workers.[stm_post_about_author][stm_sidebar sidebar=”573″]
Digging Deeper
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The two choices you have are: To step forward into growth or
remain in your death spiral.
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