Changes to minimum wage affects not only small business that must absorb or pass on these costs, but will require the federal government to change its pay scale as well. At $15/hr, minimum wage will be significantly greater than an enlisted member of our armed forces and competitive with civil service positions requiring degrees. To put this into context, my son, a mechanical engineer, with an education cost over $300k, was hired by the Dept of the Army three years ago. His designs can be seen in many industries today. His starting salary wasn’t much higher than this approved minimum wage. The government will have a hard time finding college educated students with bright minds that will be willing to accept these positions. Adjustments will have to be made to remain competitive and that cost will be passed on to all taxpayers.
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