If business can't survive paying a living wage they are bad at business.
Reminds me when south said agriculture couldn't survive without free labor
I'm not sure what is considered a living wage (and I'm sure it varies from location to location), but this statement is patentably false.
I own 4 businesses. Wages range from near minimum wage in one biz to paying 6 figs to employees in another biz. The one biz with people at near minimum wage would absolutely go under if wages went up to $12 or $15 per hour. That's a byproduct of what the competition pays their people and consumers wanting the absolute cheapest price that they can. All the businesses make money, but the one paying the least barely scrapes by.
If the minimum wage were hiked to $12 to $15 per hour, you would see massive business failures and then an even more pronounced increase in prices due to having to cover costs for employees and less competition at that time.
Well the convo has shifted from the 1%ers to the 3%ers.
We gotta tax those fugers at 49% (yes that's really the tax rate for certain income earners that own their own business) before they do something selfish and greedy like buy another business or invest in growing their existing business and hiring more people. fug those greedy pigs that aren't paying their fair share.