So the math:
$2.85 an hour more for 30 (THIRTY) hours a week will add a gross $4446.00 to the gross payroll of any business for EVERY employee.
Add the Federal matching Medicare, Soc Sec taxes, Fed unemployment eaxes, state unemployment taxes & workmen’s comp and you could be up to $6-000 per employee.
Hoe many small businesses today have that kind of room in their profit for such a move?
Also- most of the people who would get such a raise already do not pay income taxes & they would continue to NOT do so with this ‘raise’. Most would also still qualify for food stamps, free meals at school for their kids. etc.
What ever taxes the business was paying on their profits would disappear.
Got 10 employees? take $60,000 out of your company profits & tell me what taxes you will be paying.
20 employees? do the math.
This is entirely a handout to every UNION contract in the USA. THEY & THEY alone will benefit.
MEGA-BUMP
I think some people on this thread are union members. The unions are one of the main reasons we lost so many jobs to overseas.