06/21/2026
raising minimum wage only benefits big corporations. Small business will crumble allowing big business to absorb the wage increases this will give way to price increases nullifying or even making any one with a low income or single income situation even worse. This will also cause more unemployment and result in less teenagers and handy cap individuals to be able for employers to take a risk on. with an increase in wage there must be an increase of production or an increase in price of goods or services. NO company will lower profit margins for the "greater good". that being said 5% cost of living increase should be mandatory on a yearly basis. If there is a minimum wage increase it should start at 9 or 10 a dollar a year increase over a 5 year period to 14 or 15. on a 40 hour work week 1 dollar pre hour is 2100 a year increase in pay but the employer cost is about 3500-4000 depending on your claimed dependents and some times more with benefits included.
