Liberal Forum

NEILCAR » 22 Aug 2022, 12:09 pm » wrote: ↑

22 Aug 2022, 12:09 pm

The larger business will be fine, they will just reduce staffing to pay for the increase costs.

The many smaller Mom and Pop joints will close their doors ... their margins are razor thin as it is ... they will close. 

No argument will change those facts ...

Large businesses only employ about 38 percent of the private sector workforce while small businesses employ 53 percent of the workforce. In fact, over 99 percent of employing organizations are small businesses and more than 95 percent of these businesses have fewer than 10 employees.  

Giant corporations, like walmart, have been destroying small businesses for decades with the help of government legislation...locally and nationally.

In 2013, walmart had a net operating income of $27 BILLION.  They could have afforded to pay their lowest 1 million workers an additional $10,000 that year and still had a net operating income of $17 BILLION.

I do not darken walmarts doors!!!