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Originally Posted by cthulu23
If we accept the idea that raising the minimum wage by any amount results in an unacceptable hit to business then one must also accept that the minimum wage itself is harmful and unneccesary. Does anyone here actually believe that?
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Excellent observation. The more power a company sets the boundries of their wages, the better.
But lets get to the real issue of a minimum wage increase...many Union contracts stimpulate wages. They commonly read that the minimum wage for a Union employee will be $X above minimum wage. If min wage goes up $2, Union workers pay goes up $16 a day. Not much, huh? But if a company has 100 Union EE's...$1,600 a day. $83,200 a year...just in government forced pay increase.