Michigan has 15% unemployment, so what are the Democrats thinking? Lets raise the minimum wage in the state by $2.60 to $10.00, and lets reach for that 20% unemployment rate.
Let me quickly break down the cost of big government, socialistic demands on wages currently in Michigan, and then under the proposal now being weighted, under my situation of 40 employees all being paid minimum wage, and working 32 hours a week :
$7.40 per hour x 40 employees x 32 hours a week x 52 weeks a year = $492,544 dollars a year.
$10.00 per hour x 40 employees x 32 hours a week x 52 weeks a year = $665,600 dollars a year.
Added cost = $173,056 dollars in extra cost to that business.
More employees fired, less hours if retained, higher costs to purchase products, and increased cost of products. While most business does not rely on minimum wage as a wage line, a lot to depend on it for many sectors of their business, and places of business that deals with youth or young adults also deal with it as well, and costs will be up.
We cut taxes & costs during tough times, not increase them.
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