Quote Originally Posted by BanginJimmy View Post
And here it is. If you are a business owner that pays minimum wage, the fed govt should step in and tell you how much you are allowed to make. This sounds like a great idea.
We pay our employees more than min wage. I'd venture to say more small businesses than not pay their employees more than min wage.

Walmart isnt going to be affected by this, we all know that. McDonalds and every other chain restaurant will be though.
LOL.

How do you think McDonalds will be affected by an increased minimum wage?


Lastly, a couple people mentioned the rise in employers' costs due to minimum wages, they forgot 1 major factor in it. Their taxes will also rise dramaticly. In the example about the 16k rise in wages, the actual number is 17k because of the federal taxes. This does not account for unemployment insurance and other state taxes that are tied to payroll.
Employers taxes will rise dramatically? From a $1.75 raise? LOL. and this will affect mcDonalds how?