The answer to the question, if a living wage is good or bad for business should be clear to all. If people are not paid enough to live, how does one expect the economy to continue? It’s not a question of only city employees, rather all employees. Old money and stock market peaks won’t last forever.
Keep paying people below living cost and eventually the country will collapse. My grandfather supported a family of five on one income: he was a construction worker. They had money enough to live, have extras, save, and take vacations. My stepfather supported a family of four, but it was very tight and we didn’t have many extras or take many vacations, maybe one or two the whole time growing up. Many my age have both husband and wife working and they are living at the standard of living my grandparents did. The key difference is it now takes two to do what one did in the past. If the trend continues, our children will live as tight or tighter than I did growing up, but with both parents working.
God forbid what our grandchildren will have to do to live! Where will the third income come from? Will the government repeal child labor laws so their children can start working to help support the family? Will two families have to live to together to pay the bills? It amazes me that companies have millions to buy out their competitors but not enough to pay their workers a decent wage, the ones that earn them the money.
It’s not a matter of if a living wage is good for business, it’s required for business to continue into the future. Not only is a living wage a must, but also a guaranteed cost of living increase on a yearly basis. Congress gets it why shouldn’t those who pay them?
The truth is, without it, the United States, as we know it, will soon cease to exist. The argument that it will increase dropout rates is ridiculous, but even if it did, if a person is content to be a store clerk or ditch digger (example given in the news article) they should still be paid enough to live. After all, we need them or the ditches will not get dug and the stores can’t sell customers merchandise without clerks! Regardless of one’s position, you can’t pay them insufficient funds to live. And you can’t blame the problem on lack of education: even if everyone was equally educated, we still need someone to dig ditches and be store clerks. It amazes me that “intelligent” people can’t understand this concept.
As far as the marketplace taking care of it, it’s not going to happen. The reason is clear: youngsters and retired folks that don’t need as much and are willing to work for less, drive the marketplace wage down; then those who need a higher wage because they’re supporting a family must take inadequate wages or not work. The companies aren’t going to pay someone who needs more, more, just because that person needs it when they can hire those who need less for less. Corporate and business owner’s greed and government mismanagement of funds are the leading factors to the present financial problems. Additionally, people can only live on credit for so long; there will come a time when the system will collapse similar to dominoes. Unfortunately, without forced intervention, there will be no change.
Wouldn’t it been nice to make a point: all employees, union and non-union, all walks of life, just walk off on a given day for a for a given period of time. Now that might get a little attention. Let the CEOs, business owners and the government, think on that one for a bit.

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