Good points about cascading increases in things like payroll taxes. As pay increases, those taxes increase also.
These businesses, if they want to survive, will have to redo their business models, and see if they can survive. The dispassionate review by a CPA would be very helpful to some businesses. Just closing up rather than trying to struggle to survive over a period of years might make more sense, dollars and sense, to these small business owners.
According to the article 36 % of sales revenue go to labor costs...$.36 of every $1.00
What that means in real dollars, is for every additional $.36 of increased labor costs you need to increase your sales $1.00 just to stay even...
Having looked at operating statements for the last 30 years in various businesses...I'd either move or close shop and cut my losses...
I can't see how they crack that nut unless they completely change their business model to increase sales or cut costs...
That in the long run that costs time, capital and vision...
Which as a small business owner they have very little of these things..