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Old 02-03-2007, 12:39 AM   #40
casinobonusa

Join Date
Oct 2005
Posts
596
Senior Member
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Had they simply added tax cuts to offset the cost increases, it might have been a good thing as the effect would be neutral. But, by adding higher taxes for CEOs the balance has shifted back to higher costs for the business, which the result will be higher prices, or less jobs. Minimum wage employees are usually working at billion dollar profit companies. If the company chooses to lay off a bunch of minimum wage workers, they would end up having to hire them back because it would result in a shortage of service to the consumer and less people to serve them. Minimum wage people don't get laid off. Businesses laying these employees off are just sealing their own doom. Tax cuts are for investors to invest more and give right back to the businesses. Does nothing for the workers.
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