For example, if an employer is currently paying the state minimum wage of $6.15 an hour, for 40 hours a week, what most consider full-time employment, that employer is paying that one employee $984 a month. Meaning that employee will have a yearly salary of 11,808 qualifying them for a number of government assistances programs to help provide stability. If this particular employer, paying this amount, can only afford to have 19 other employees at a cost of just under $20,000 a month, would then be unable to keep all of his employees if the state minimum wage was raised. Cutting his employee list to 8 full time state minimally paid employees. Which realistically would not be enough man-power to run most businesses, meaning the employer would close his business, leaving all of his employees without work and his own family in financial jeopardy. In addition if this was the case with many employers, the stability of the whole state’s economy might be put into
For example, if an employer is currently paying the state minimum wage of $6.15 an hour, for 40 hours a week, what most consider full-time employment, that employer is paying that one employee $984 a month. Meaning that employee will have a yearly salary of 11,808 qualifying them for a number of government assistances programs to help provide stability. If this particular employer, paying this amount, can only afford to have 19 other employees at a cost of just under $20,000 a month, would then be unable to keep all of his employees if the state minimum wage was raised. Cutting his employee list to 8 full time state minimally paid employees. Which realistically would not be enough man-power to run most businesses, meaning the employer would close his business, leaving all of his employees without work and his own family in financial jeopardy. In addition if this was the case with many employers, the stability of the whole state’s economy might be put into