there is some truth to when employeers have a minimum wage increase they cut hours and or believe it or not hire more people (instead of getting rid of employees which happens as well)to get the work done faster in some cases depending on work.(my example janitorial work)
say a person works 8 hours in their day at a 1.75 increase thats $14 dollars more than they would of had which means if the company cut 1 hour back and worked them 7 leaving $6.75 cents(for another cut back hour)
it's like not having an increase in wage if they cut more than 2.
how does the increase in wage hurt the company?this isnt a bad point
US Minimum Wage Increase Would be Positive for Businesses and Consumers - Analyst Insight from Euromonitor International
difficult to compete with foreign manufacturers because of a wage increase?
How Raising Minimum Wages Hurts U.S. Employers | Chron.com
say a person works 8 hours in their day at a 1.75 increase thats $14 dollars more than they would of had which means if the company cut 1 hour back and worked them 7 leaving $6.75 cents(for another cut back hour)
it's like not having an increase in wage if they cut more than 2.
how does the increase in wage hurt the company?this isnt a bad point
US Minimum Wage Increase Would be Positive for Businesses and Consumers - Analyst Insight from Euromonitor International
difficult to compete with foreign manufacturers because of a wage increase?
How Raising Minimum Wages Hurts U.S. Employers | Chron.com