4 ms·
I'll note that much of what you site as overhead doesn't increase with minimum wage. There are a few taxes that are higher, sure, but they are only a portion of
by Broken_Hippo 8y ago
I'll note that much of what you site as overhead doesn't increase with minimum wage. There are a few taxes that are higher, sure, but they are only a portion of the increase. If their pay goes from 15k to 20 k, it doesn't mean your costs jump from 7.5k to an evne 10k. Your portion of the taxes on the employees doesn't go up that much per employee.
Equipment, office space, insurance, payroll costs, and so on do not increase with wage increases. I'll note that these are things you are likely going to pay no matter what the employees make as a minimum wage. At least one of these - insurance - can mostly be passed off onto the employee (save some time telling employees about the plan and even that can be passed onto someone else for a fee).