Businesses, especially small ones, might struggle to adjust their budgets, potentially leading to layoffs, price hikes, or even closures. On the flip side, low-wage workers would get a quick boost, which could stimulate spending—but if it’s too fast, the economy might not absorb the shock smoothly.
Comments
If businesses can't pay a living wage, they need a better business plan, or fail.
Yes we can disagree without being disagreeable. Nice run.