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> I never said that business shouldn’t pay taxes. But what do you think is going to happen to the local pizza shop that my 16 year old son and his two friends w
by Octoth0rpe 8y ago
> I never said that business shouldn’t pay taxes. But what do you think is going to happen to the local pizza shop that my 16 year old son and his two friends work at that probably is only making his owner $50K a year once they have to pay them a “livable wage” of $17/hour
I dunno, the same thing that happens in other countries with significantly higher minimum wages? Some prices go up, some people in the economy make a little less, and overall the floor rises.
I would note that there is more than one way of looking at the problem than just "raise the min wage to $17". Another way would be that we need to lower the price of entry level apartment rentals; or a mix of raising wages by some amount and lower rental prices till we achieve a middle ground that we as a society find ethical.
> It’s amazing that HN posters, many working at unprofitable companies funded by VCs are more than willing to tell other companies how much they should be paying their employees when they actually have to do the unheard of business move of running a profitable business instead of losing money year after year hoping for an “exit strategy”.
Please don't make assumptions. None of that describes me.
- scarface74 8y agoPlease don't make assumptions. None of that describes me. Seeing that HN is completely supported by a VC and serves an advertisement for YC, I think it is relevant.