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Raising the minimum wage will simply increase costs for employer and employee

By Tim Lyons

POSTED: 01:30 a.m. HST, Mar 16, 2014

~~<p>For some reason it seems difficult to get across the concept that when there is only so much of the pie to cut into wages, pension, health benefits, annuity benefits, sick leave, holiday pay, etc., that by dictating how much the employer will pay in one area, automatically means an decrease in other areas.</p>
<p>We understand the problem of some individuals feeling that they are not making enough money and, in a lot of cases some employers also feel they do not make enough money. The problem is exacerbated since the employees see their net pay, after all the taxes have been deducted.</p>
~~

For some reason it seems difficult to get across the concept that when there is only so much of the pie to cut into wages, pension, health benefits, annuity benefits, sick leave, holiday pay, etc., that by dictating how much the employer will pay in one area, automatically means an decrease in other areas.

We understand the problem of some individuals feeling that they are not making enough money and, in a lot of cases some employers also feel they do not make enough money. The problem is exacerbated since the employees see their net pay, after all the taxes have been deducted. Login for more...



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