@everyone How will the fact that 24 states will raise their minimum wage in 2020 affect the economy and small businesses?

Oh no

24 states are becoming based

^

24 states will have a two-class society of wealthy people taxed 80% and jobless baby makers living in luxury housing for free

sounds ideal

https://wap.business-standard.com/article/economy-policy/explained-why-poorer-nations-can-t-just-print-more-money-and-become-rich-118121900185_1.html

Basically this will ruin the economy

To raise wages you need to change the market

that's what we love to see

Not make blank demands

to be fair the cost of living has gone up while wages have stagnated, so I'm fine with higher wages

but if the economy does eat shit and go upside down I will eat my words

Wages are a symptom not a cause

You can support increase in min wage but only from an accelerationist perspective

no, I just reckon billionaires shouldn't exist

@Shalopy My state in the Midwest has already passed a law that adjusts the minimum wage by inflation starting in 2018 and it is at $9.45 I think. It will have risen by $12 by 2022. This bad because more jobs now will ask for experience even at the low skilled entry level jobs

Or it was never easy to begin with?

My sister and I had already struggled finding part time jobs after dozens of applications possibly due to us being adults by the time we have gotten them.

As a business owner

We are gonna get fucked lol

@Harrison Good thing we aren’t increasing the rate of currency production in line with the minimum wage increase.

@Asdrubal You’ll be fine.

Nah I wont

What’s your profit margin?

I just hate that when I go out to buy coffee it'll be a dollar or two more

Yeah, that’s what I though Asdru.

I pay my contractors/designers above minimum wage

@Harrison More likely pennies on the dollar. Wage is only a fraction of what is calculated into business expenses.

@Asdrubal ***then you will be fine***

*I'm talking about currently*

Which is like 9 dollars

And keep in mind that I live in a pink state so there must have been Republicans that supported the law.

Again, what’s your profit margin? @Asdrubal

*nice try fed*

Does raising the minimum wage really effect the price of goods? I am getting mental gymnastics from leftists that support raising the minimum wage especially from people that chose to get part time jobs.

Ffs. You just don’t want to say it because it will more than absorb the wage increase.

No I've just made it clear I dont pay taxes

@Louis XIV (aka 1685Violin) It probably will, but not to scale with the wage increase.

@Asdrubal if it’s an illegal business you can just keep paying them under minimum wage then...

I don't wanna hire illegals