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View Diary: Warren politely SCHOOLS businessman at Senate hearing who tries to explain wage economics to her (219 comments)

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  •  No, not bullshitting (1+ / 0-)
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    Shockwave

    Almost all of his employees probably make well above the minimum wage, but many are directly or indirectly impacted by it. His servers are paid $5.69 an hour (min wage for tipped employees in Conn). Bussers and line cooks may start at minimum, but he has to give raises to keep experienced workers, so many will make more after a couple months, but if the min wage goes up he will have to maintain the difference, so nearly everyone's salary moves up.

    He is probably the worse case for the percentage impact of a minimum wage increase, even though most of his employees make more (in many cases considerably more) than minimum.

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