since two-thirds of low-wage workers actually work for large corporations, increasing the minimum wage will have little impact on small businesses in the state. the three largest employers of low-wage workers, McDonalds, Walmart and Yum! Brands (which owns Taco Bell, KFC and Pizza Hut, among others) have all enjoyed record profits since the recession, enabling them to afford higher wages for their workers. And lets not forget the other argument...every penny the working poor make, they spend--i.e. it goes right back into the economy, aka stimulus
Posted on: Sat, 26 Oct 2013 12:25:10 +0000
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