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TopicSeattle's large minimum wage increases a disaster
Jiek_Fafn
06/28/17 12:43:45 PM
#90:


GregShmedley posted...
pinky0926 posted...
I've never been in favour of these minimum wage increases because they're just going to fast track the death of small businesses in favour of franchises.

Overly simplistic, but economies of scale are a big problem here. Starbucks won't suffer. The little mom and pop on the corner that does the really nice breakfast rolls and puts a little biscuit on the side of your latte will, though.




Some people act like this is a goos thing as these small stores aren't "paying livable wages" and therefore shouldn't exist. I agree with a minimum wage increase but $15 is unrealistic.


I have the same issues with the minimum wage hike. It gives Wal-Mart and McDonald's more power since they can effectively destroy any potential competition because they already have money. Fledgling businesses have the deck stacked against them even more.
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