Sunday, December 15, 2013

Minimum Wage explained

A great article HERE discussing the issue of minimum wage and why raising it is not a magic fix.

Just like Obamacare raising the minimum wage may help a few but it will harm far more folks than it helps.  It will probably hurt the economy and slow down job growth as folks slow or stop hiring since they can't afford the higher rate.  Some companies may be forced to lay folks off over this. . .

Go give it a read.  There is no such thing as an easy fix to these issues and if you think there is you are not looking at the full picture. . . or you are in Congress and don't care as long as you can buy a few votes.

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