Helping the Economy, Regulartory Costs v. Raising Minimum Wage

[dellinger63]

Raising minimum wage for 3 million workers by $2 bucks ($2 X 2080(hours worked in a year) X 3,000,000(workers) would result in $12.48 Billion more paid to workers and a $12.48 billion loss to corporations.

Even if corporations were presumed to bank every dime of the $12.48 billion, new regulatory costs estimated at $143 Billion represent over 11 times that amount.

So while Danzig & Co. keeps yelling for everyone to watch the squirrel going in and out of the attic, the elephant is charging thru the house.

http://www.washingtontimes.com/news/...-economy-143b/