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The recent well-publicized financial struggles of Seattle-based Gravity Payments, whose 31-year-old CEO Dan Price announced three months ago a $70,000 minimum wage, have focused another light on the happens when anyone (politicians or business owners) arbitrarily increases wages. It sets a slew of market forces in motion that will affect a company’s sales, market position and, ultimately, whether it survives.
Sure, you’ve got that where are partly due to genetics, metabolic process and additional circumstances crane can not control. But one thing Vince does in the first page of your program is working hard to embed into their heads how the excuses which applies only to maintain which are less than spectacular physical laziness and ignorance.
Federal and state politicians who force minimum wages, however, on businesses, merely force the wage increase. They, unlike Price, are certainly not tasked to really make it work. Minimum wage political gimmickry is yet another instance of politicians waving a supposed magic wand to produce things appear better, then walking away while those tasked to earning it work handle the resulting potential disaster.
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