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View Diary: New Democratic bill would raise the minimum wage to $10.10 (84 comments)

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  •  thanks (1+ / 0-)
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    nextstep

    a while back I wrote a diary suggesting that raising the minimum wage would put the businesses I'm associated with out of business.

    I had some difficulty explaining the economic realities of Appalachia, and doubtless failed to say what I meant to say.

    Indexing the minimum wage to cost of living makes sense. Not because we don't want to pay more, but because...ah, nobody wants to hear it.

    It is, however, a bit bracing to see Darwinian capitalism embraced on the left. Particularly when I'm the small, local business people speak of supporting.

    "Good Lord, how can the rich bear to die?" -- Nikos Kazantzakis

    by Shocko from Seattle on Tue Mar 05, 2013 at 04:13:07 PM PST

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    •  I'd include a tax credit for small biz (0+ / 0-)

      A really big, significant increase in the minimum wage, coupled with a temporary, refundable tax credit to offset the difference between new and old.

      Full offset the first year and 20% less in each of five years.

      That should create a soft landing for small businesses.

      We are the principled ones, remember? We don't get to use the black hats' tricks even when it would benefit us. Political Compass: -6.88, -6.41

      by bmcphail on Tue Mar 05, 2013 at 04:50:30 PM PST

      [ Parent ]

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