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Monday, September 26, 2016
Raising Minimum Wages Hurts The Small Business Owners
The Presidential Debate has started between Donald Trump and Hillary Clinton and we will be posting as it is going. They kicked it off talking about growing the economy. Hillary said raise minimum wage and Donald said bring jobs back from overseas. We agree with both sides, and here is why.
Raising up the minimum wages makes it harder for small businesses to give out more jobs, and big corporation don't mind paying a fee for leaving to get cheaper wages and more production. As far as Donald Trump loosing previous businesses, you have to loose to gain, you have to crawl somewhere before you walk. Support our rise below.
If the minimum wage increases, small business owners will likely scale back the number of employees and raise prices to cover the extra cost. An increase would stifle small business growth for owners and employment opportunities for job-seekers.
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