And the more people that will be unemployed thus going on social assistance becoming a bigger drain on government coffers. It's a lose/lose situation for everyone. Business loses (higher expenses), government loses (more social assistance, less tax revenue), consumers lose (higher prices and less service) and ultimately the minimum wage earner loses (fewer jobs).Originally posted by Inzane
And a business needs to be able to cover its costs and make a profit, otherwise it's game over. Less businesses survive and less choices for you on where and how to spend your money.