Minimum Rage
The voters of the state of Florida passed a law which will result in a $15 minimum wage by 2026. The bill passed with just over 60% of the vote. Some will say this is a victory for workers’ rights, and equality and fairness and all that blah blah blah. I am willing to bet it will be the opposite. Full disclosure: I am a business owner. I have hourly employees. All of them make more than the current minimum wage. Not all of them are at or above $15 per hour. I have a problem with the minimum wage that has nothing to do with how it may affect my business. See, I will treat payroll as I treat every other expense. I will pass on the additional cost to my customers. I hope they will benefit from the wage increase as well, because they’re going to pay more for everything they buy and every service they contract. Actually, I take that back. I hope they don’t benefit from the wage increase. I hope they don’t see themselves as minimum wage people. I hope they believe in themselves a littl...