"The main argument held by those on the Right is that raising the minimum wage will discourage job growth and lead to businesses firing workers. This is merely a fear tactic. Also, another common line is that low wage workers are largely employed by small businesses, which in affect would hamper their growth or even worse force them to close down shop. According to the National Employment Law Project, the majority of low-wage workers are not employed by small business, but rather large corporations with over 100 employees. Furthermore, 92 percent of these employers were profitable last year; 78 percent have been profitable the last 3 years and 75 percent have higher revenues than before the recession."
Posted on: Mon, 10 Jun 2013 14:56:50 +0000
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