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[–] dv1155 6 points 26 points (+32|-6) ago 

I employ about 10 people that work for about $10 per hour. If this law passed tomorrow, I would lay off all of them. It simply wouldn't make economic sense with the margin on the product I'm producing.

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[–] battle 1 points 13 points (+14|-1) ago 

Pay 'em all $10 an hour under the table. It's like giving them a raise.

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[–] KoKansei 3 points 7 points (+10|-3) ago 

This. The only thing this kind of idiotic legislation does is expand the role of the black market. It's no coincidence that the most robust black markets are found in highly socialist countries.

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[–] HaveABidet 0 points 6 points (+6|-0) ago 

Why ALL of them?

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[–] dv1155 2 points 15 points (+17|-2) ago 

Adding 50% to the cost of labor would make the profit margin negative. I wouldn't be able to compete against competitors that make similar products in China.

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[–] trumpetjock 5 points 3 points (+8|-5) ago  (edited ago)

That doesn't make any sense. If your business can survive you laying off 10 people, want wouldn't you just do that now? Second, your business is really on such a tight margin that you can't offset 2000 a month (see edit) in wages with a small price per unit increase, but you're moving enough product to employ 10 ftes?

Edit -- 2000 a week, not month. My original points still stand.

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[–] yergi 3 points 9 points (+12|-3) ago 

WHOOSH!

He's saying that the business will close.

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[–] dv1155 2 points 5 points (+7|-2) ago 

A 50% increase is way more than $2k. It doesnt seem like you have even a basic grasp of business or economics. A small price increase means a huge decline in sales when your competitors can pay pennies an hour for labor in China.

[–] [deleted] 0 points 2 points (+2|-0) ago 

[Deleted]

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[–] dv1155 0 points 4 points (+4|-0) ago 

Of course. Liberals hate small business as small business is the only real path to prosperity for ordinary Americans. Prosperous Americans don't need government handouts to live, therefor they're less likely to vote Democrat. The more people who prosper and succeed, the less power the Democrats have. This is why every year the government makes it harder and harder to run a small business.

Not only that, but it wins brownie points with ignorant young adults who have no idea how the real world works and think you can just legislate a pay increase for everyone and magically the laws of economics and math don't apply. It's a win-win for the left.