WASHINGTON (AP)—About 2 million Americans get a raise Thursday as the federal minimum wage rises 70 cents. The bad news: Higher gas and food prices are swallowing it up, and some small businesses will pass the cost of the wage hike to consumers.
SHOCK!!! Who could have possibly predicted that businesses would raise prices to cover their higher labor costs!?!?
Don’t forget to mention the increased rates of unemployment for younger workers and low-skill workers.
I’m waiting for that stupid sick leave bill to hit Milwaukee. Start buying up office space in the suburbs - you’ll be able to rent it out at a profit when the exodus starts.