The business ignorance on display here is staggering.
I invite
all those who advocate for minimum-wage increases to share with us
- how many businesses they've owned that had more than just non-family employees
- how many non-family employees they had on average, annually, in the most successful of those businesses
- the average annual profit margin of the business
- what percentage of annual expenses was annual payroll
- what percentage of payroll went to the owner
- what percentage of annual net profit owner draws accounted for
- how many continuous years the business operated
- how many of those years were profitable
- the profit margin of the last three years of business operation, and
- under what circumstances you got out of that business (unless you're still running it).
Any advocate of minimum wage increases who is, or has been, a business owner, and who will answer the few business-health questions submitted above—that person I will take seriously in this discussion, in spite of my disagreement with the morality or sensibleness of extraneous, compulsory minimum wage increases.
Other advocates of minimum wage increases (those who have never owned a business)…I would compare to back seat drivers, who presume to make decisions from a vantage point that make their demands or advocacy very dangerous for everyone—those inside the car, as well as those in traffic.