If their margins were so low, that a seventy cent increase an operation costs per hour for the lowest earning employees would shutter them. It's good that they closed down now, as even without an approximately dollar an hour bump when payroll taxes are factored in... they'd likely be forced to close before too long.
Aren't you just a humanitarian!
You do realize that many small businesses operate on extremely small checks and balances.
It's not only the hourly wage but also the increase in EVERYTHING else that goes with it.
Just the paperwork involved can put them in a bind. Many Small Businesses try to do their own accounting. What an employer pays in an hourly wage is damn near doubled to the employer, or didn't you know that? Especially if they have a health insurance program for their employees.
There is much more to advancing minimum wage than just saying we're going to require employers to pay additional money to their employees.
You do realize we're in a recession, right? This is NOT the time to be ****ing with the American minimum wage! Why not postpone it until our economy is in better shape? For cryin' out loud, many businesses are on the edge right now, they are laying off workers, NOT PAYING THEM MORE MONEY! What a good idea to lay another burden on them during this crisis!
You voted for the messiah didn't you?
edited 'cause I'm pissed off and hitting too many keys