Also, many part time workers are not seeking full time employment. The ripple effect will multiply the impact of this increase through many wage rates and set in motion automatic escalations in various labor agreements. As government artificially sets a higher minimum wage, employers have a greater incentive to turn to other methods to economize on use of certain services already in the workplace. Among these are new work methods, systems or machines to replace the new more expensive low skilled workers, resulting in fewer jobs and hours. Businesses will have no choice but to pass on this increased cost of doing business in many cases.
Profit margins are often razor sharp in a global economy.
Increased costs will spiral up through customers, who eventually pay the actual increased costs. The costs of many business to business services will further add to the cost of doing business. This is the end of session in an election year - a very dangerous time. We need your response right away. Session will end in only a few days.