I meant a dollar an hour over the true cost after all expenses had been paid.
The fact is that many businesses have periods in which they pay out more than they take in.
Their pay is a part of their true cost.
Where I work the overhead per man hour is more than any of us get paid, but this makes a poor argument for a raise.
You can't imagine that loosing money has a limit?
Where a person can generate $15 dollars for a company, he has a job that should pay him seven or nine, where he can generate fifteen dollars, but he must be handed all of it, he has no job.
A high minimum wage destroys the value of the dollar and reduces job availability.
If you want evidence that this is so , just try to remember back when the miniwage was low, and how many American teens worked summers at harvest, pumping gas, gathering turpentine and throwing hay. Jobs you can't find a teen doing here anymore, it just is too hard to find such a job and if you do the dollars you get are not worth the time.