Excellent, he is boring me at this point. I'll carry on with you. I am with you so far. I assume you wanted to raise the minimum because it pays to retain the people you have trained to maintain productivity. That's smart business. I also assume that you couldn't afford it because it would cause you to raise prices on your widget, also smart business. My question would be . . . If your competition also must pay minimum wage, would not a higher wage affect you equally? Both widget prices would go up, as everything does, but you can retain your trained workers. Carrying it further, can it not sometimes benefit your business to pay your best entry-level workers a bit more to retain them and not see them working for the competition.
Disagree with that. What it does is to price out of the market those people who otherwise might be working. Like entirely unskilled workers, teenagers and the like.
