Businesses don’t move and workers have a better life
Sharon Pian Chan’s heartfelt story left me in tears [“$15 wage a crude tool to fix inequity,” Opinion, Nov. 13].
How can society demand these hardworking business people pay more in wages? In fact, we should probably do away with any minimum wage based on this point of view.
But like most fantasies, none of the disasters these people predict will happen. I doubt any of these businesses will relocate to Texas or Mississippi: our “Third World” states.
What happens is what always happens: Businesses pay the higher wage and add a few bucks to the price of their goods and/or services. Life goes on and the hardworking employees of these hardworking business people have a better life.
The local economy gets a boost because these minimum-wage workers spend the extra money they get in their wages to increase local businesses. Everyone wins.
All independent studies show that increases in the minimum wage have operated as I describe above. Businesses don’t move and they don’t fire employees. They make price adjustments just like they do when other costs go up, like rent, utilities, insurance and other services they use. Do these hardworking business people move when their rents are raised? No.
Since all similar businesses in the area would have to pay the same minimum wage, nothing changes much. Oh, except thousands of workers have a better life.
Wow, my tears have suddenly disappeared and I feel a lot better.
Mike Mitte, Edmonds