Quote:
Originally Posted by Snake Doctor
Actually it's better for business for it to not go up for a long time and then go up alot than it is to have it go up in small increments.
For instance, that's 20 cents per hour, per year that they don't have to spend for every employee working for them. Then 40 cents an hour the 2nd year, 60 cents the 3rd year.
That adds up to ALOT of money over a 10 year period.
I agree that the minimum wage should be indexed to inflation and then we wouldn't ever have to talk about it again. Unfortunately, Republicans don't want their business constituents to have to pay mandatory wage increases every year....and democrats need the issue to get the working poor to show up and vote for them on election day, so neither party wants to fix it for good.
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President Reagan wanted to eliminate the minimum wage...as he felt small businesses would hire more people if they could pay them less.