Monday, January 31, 2011

who will have an easier time paying higher wages and paying health insurance: big chains or small businesses?

Obama wants to raise the minimum wage to $10/hr and FORCE all businesses big OR small to pay for health insurance. Who can afford this more: big companies like Wal-Mart and McDonalds who use their size get economies of scale and reduce costs of materials, or the small mom and pops who have higher operating costs since they don't have the purchasing power and delivery systems that the big boys have?
--------------------
That alone won;t make enough of a difference. My husband makes more than that AND works a second part time job AND I am on SSDI. He HAS probably one of the best policies available and we still can;t afford to use it except in emergencies because of the co-pays and deductibles. **edit**Minimum wage going to $10/hr would only make what my husband already makes worthless and things even more difficult. Raising minimum wages only makes the cost of living go up as companies then have to charge more for their services in order to pay their employees.
Source

No comments:

Post a Comment