This 100% applies to large businesses, however 46% of the US workforce is employed by small businesses, and many cannot afford to raise their employees salaries over the current level and remain profitable.

One of the reasons is that small businesses do not have the buying power that large businesses have, so their profit margins are much lower.

The other reason is that businesses have to match employees taxes, so for an employee who makes $10/hr, the employee pays roughly $2.50/hr in taxes, and the employer also pays $2.50/hr in taxes, leaving the employee with $7.50 and the govt with $5.00.

Raising the minimum wage to a living wage will eliminate the majority of small businesses who can no longer compete with larger corporations.

This would be the single best thing to happen to large corporations since it would eliminate all competition (which drives down prices). Once small businesses are eliminated, large corporations would increase prices (no competition to drive down prices).

I 100% agree that large corporations have steadily increased prices to the point where the middle and lower class can barely afford to live, but this is a simple solution to a very complex problem.

1 the govt needs to stop taxing us to death

2 the govt needs to figure out a way to put a profit cap on businesses to prevent price gouging / create small business Co-Ops so they can have buying power similar to that of large businesses.

I don’t know what the solution is, all I know is that it’s complex.