[aruanan]

(Minimum) Wage Floor Is Increasing in 8 States in New Year (helps working families)

Should read: (Minimum) Wage Floor Is Increasing in 8 States in New Year (helps a smaller number of working families)

If I have X money to pay for Y employees and I'm mandated to increase the minimum pay for my employees, then I must:

a) decrease the number of employees until the number of employees times the amount of increase equals the amount of money I have to pay employees

b) reduce any benefits in order to increase the amount of money needed to cover the new mandate

c) increase the price of the goods or services and hope that customers don't become former customers

d) find a way to increase productivity so that the increased sale of goods or services is sufficient to cover the mandate and hope that employees won't say, "Hey, we're working harder so you should pay us more and if you don't we'll slow down our output or quit."

e) reduce my already extremely thin profit margin

f) go out of business

g) move to another state.

[aruanan]

h. substitute really cheap crap for parts or ingredients and hope that customers don't notice and stop buying from me

i. fire my higher paid experienced and efficient employees and replace them with lower paid new hires and hope that the resulting inefficiency and relatively poorer job quality won't affect the quality of the product, customer satisfaction, and return business.

[EQAndyBuzz]

Or H) decrease the amount of taxes I have to pay.

[BenKenobi]

I’m voting G.