Quote:I just read a similar story as yours this weekend Chiefjag.  I'll see if I can find it again and link it here.  The story was pretty similar.  It was about a start-up company that employs around 15 people.  The owner expressed the same thing as you in the article, that he actually earns less than his employees (he also pays them more than the current minimum wage).  He went on to say that his company is doing well, and with some time he might be able to expand and also raise the wages of his employees.  He also talked about one other thing that is very important.  He said that he has a high turnover of employees, but it's expected.  As people that work for him learn skills that could lead to a better opportunity, they end up leaving.

 

He stated that if minimum wage goes up much more, he would end up having to fold, laying off his employees and giving up his business.