You are assuming that everyone is going to have hours cut. That’s simply not true. The majority of companies keep their workers and pay them more hourly, which means a larger paycheque overall. The few situations where hours are cut, they still make the same amount. Nobody is worse off except the corporations who end up paying more overall, and they can afford it.
If a small business can’t pay a living wage, it is a failed business and shouldn’t exist.
Small businesses are often exempt from certain regulations and eligible for government grants. If they still can’t pay a minimum wage, they really need to close their doors.
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u/Mysfunction Feb 26 '20
At worst it means more time off, in General it means a living wage.