Quote:
Originally posted by papichulo
Damn, you're a bloodfart. COSTS depress PROFITS. Employees = COSTS.
Got it, Corky? Good. Now shut the fuck up and keep sucking.
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Depends on what kind of business you're in. A raise in minimum wage would create a whole new market for alot of businesses. More money in peoples pockets means more spending. More spending means more profit for companies who already pay their employees more than minimum wage.
Think about it. The guy who owns a mcdonalds has to shell out more, but his employees go and throw the money right back into the economy. Therefore his 401k plan gets bigger because the other companies in the economy are making bigger profits.
Economics.