The Market Ticker - Standard Political Fare: Screw People
Small business owners across the country are beginning to feel the pinch as more states move toward a $15 minimum wage.
While proposals to raise pay are intended to help workers, several mom-and-pop coffee shops as well as restaurants are responding by cutting hours, eliminating jobs or closing down entirely because they can’t keep up with booming wages.
You cannot solve a cost-of-living problem by forcing wages higher.
Nor can you play the Ray Dalio game; “investment”…….
(Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=235513
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