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Originally Posted by magictoy
True. I don't understand why people would buy stock in a company that overpays its executives.
However, your use of "many" and "by and large" doesn't indicate that you're backing off much from the broad brush that you originally painted everyone with. Small businesses have to abide by the minimum wage every bit as much as large corporations.
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Can i just say right now that none of the small businesses that i have worked for have ever paid minimum wage? They all paid more by at least a buck or two. Now can we please back off this broad brush generalization that raising the minimum wage will hurt small businesses?
edit: I did work at a restaurant that paid me minimum wage, but it wasn't like they couldn't afford to pay me more. The owner was a cheapskate cokehead.