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Businesses generally deal with minimum wage increases by finding efficiencies in their business practices or slightly increasing prices if they have to, not cutting jobs. Of course: because they need staff to make their businesses run!
David Rolf
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David Rolf
Age: 55
Born: 1969
Born: January 1
Labor Leader
Trade Unionist
Business
Increase
Increasing
Running
Cutting
Slightly
Need
Deal
Staff
Efficiencies
Needs
Deals
Businesses
Increases
Make
Courses
Minimum
Wage
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Generally
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Prices
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Finding
Efficiency
More quotes by David Rolf
The free market hasn't done a very good job figuring out how to pay workers enough. If it was solely up to the market, the people with the least power would be paid pennies ... or less.
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People decide what markets should do - they are not a force of nature.
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Today, the gap between productivity and compensation for the typical worker is larger than at any time since World War II.
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Income inequality and wage stagnation finally took their place among the principal moral issues of our time.
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When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy.
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The fast-food industry is notorious for employing millions of Americans at poverty wages.
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When families can afford the basics, they can reinvest in their communities, and higher wages means a broader consumer base for businesses.
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A September 2015 poll found that, by a 3-1 margin, voters are more likely to support political candidates who favor raising the minimum wage.
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