For him, that percentage stands at 25 but the reality is that percentage is closer to 30 right now, and that is without factoring in the increase. And it is hard to work with three people when there should be five. He too said it would make more sense to stop the tax grab. But she has no doubt that the new minimum wage will rebound on the consumer, because it will affect the whole wage scale in the long run. Everyone who has had anything to do with the burger in your hand or the home you buy will get a wage boost, and that will translate into higher prices.
Businesses have huge overheads.
They have property taxes and infrastructure expenses as well, which must be paid whether customers come in or not. Now this wage increase is just one more thing. What politicians seem to forget is that wages are inextricably tied to a business s bottom line. Neil Murray at OK Tire has already decided on what changes he will make. His gas pumps will no longer be open on Sundays, holidays or after hours.