The cost to a business if min wage is increased from $7.25 to $9.00 per hour


NEW DEAL or RAW DEAL the book told many stories of what happened when the min wage laws were enacted. Some employers had to let people go, some had to close their doors. and some workers who did get to keep their jobs were REQUIRED to do the work of those who were let go along with their own work. How about we get rid of the minimum wage all together. How about we make the min wage $15 per hour. How about we get the Government out of the business world all together.
Per Hr increase Work Week Increase per week Number of employees Total pay increase per week Total pay increase per year
 $       1.75 40  $    70.00 1  $                70.00  $                 3,640.00
     $    70.00 10  $              700.00  $               36,400.00
     $    70.00 20  $          1,400.00  $               72,800.00
     $    70.00 30  $          2,100.00  $             109,200.00
     $    70.00 40  $          2,800.00  $             145,600.00
     $    70.00 50  $          3,500.00  $             182,000.00
     $    70.00 60  $          4,200.00  $             218,400.00
     $    70.00 70  $          4,900.00  $             254,800.00
     $    70.00 80  $          5,600.00  $             291,200.00
     $    70.00 90  $          6,300.00  $             327,600.00
     $    70.00 100  $          7,000.00  $             364,000.00
     $    70.00 125  $          8,750.00  $             455,000.00
     $    70.00 150  $        10,500.00  $             546,000.00
     $    70.00 175  $        12,250.00  $             637,000.00
     $    70.00 200  $        14,000.00  $             728,000.00
     $    70.00 225  $        15,750.00  $             819,000.00
     $    70.00 250  $        17,500.00  $             910,000.00
     $    70.00 275  $        19,250.00  $         1,001,000.00
     $    70.00 300  $        21,000.00  $         1,092,000.00
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