It is an entry-level wage. It's not a wage you're expected to raise a family on. It is not one that you should be expected to remain on for a long time. |
It's simple economics. When someone is going to increase your costs, it's going to have an adverse affect on your business. It will either make (businesses) cut jobs or not hire new ones. |
Ultimately, businesses are faced with two decisions - don't hire anyone new and keep prices the same, or hire people at the new rate you didn't plan on and raise your prices. It is an artificial raise in (business) cost ... when the market forces aren't dictating that they need to do that. |
Whether it is a business tax or a wage increase, the consumer ultimately pays for it. |