[CIB-173RDABN]

The true minimum wage is ZERO.

Socialist believe business get to keep every dollar spent in their business. They don’t seem to understand that a person is in business to make a profit. Profit is what is left after all the expenses are paid.

By mandating a minimum wage the business owner only has three choices. Raise prices, cut other expenses (and that may be an employee), or go out of business.

The problem with raising prices is that their customers may decide that their product has become too expensive and stop buying. If they cut other expensive then their service will suffer and their customers will stop coming into their business.

This is not brain surgery. Capitalism works best with few laws and regulations. The market will determine price and cost. Whenever a government tries to control the market, the market fails (or nations fail, I am talking to you Soviet Union and Venezuela )

I predict the tax base for Seattle will go down as businesses close and people move away.

[central_va]

The problem with raising prices is that their customers may decide that their product has become too expensive and stop buying. If they cut other expensive then their service will suffer and their customers will stop coming into their business.

But in this case, will they stop eating all together?