Quote:I'm a small business operator in business for 20 years now. My lowest cost employee makes more than I make. There's this thing called competition where if I raise my prices to compensate for higher minimum wage I lose customers to my competition. I've lived it for 20 years. I have menu items which haven't been increased in price in 10 years despite 4 increases in minimum wage over that period. I just eat the margin losses.


Why do I do it? I'm retired from the corporate world and receive a pension. I don't rely upon my business profits to pay for our living expenses. I am paying off the mortgage on my business property and my payoff will come when I sell the property. I also do it because a person must have something to do. God didn't make these bodies to be sedentary and there is only so much golf and fishing a person can do. However, if I had to pay $15 per hour for a high schooler to wash dishes I would be forced to lay off people and raise prices on items I thought I could without losing too many customers. If the reduction in customer volume was too much I would be forced to close and go work for Walmart.


Regards......................the Chiefjag