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Timothy Johnson : How does a minimum wage requirement impact an economy? / Clear, concise arguments and answers from leading thinkers / Eristical.com
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Timothy Johnson

If it's fair and equitable, that's fine, but I think we still have to be very cognizant that from a small business perspective, if every time I hire an employee, I have to pay this amount of wages it can be a Catch 22. I want to be an entrepreneur and I want to employ people, but if you're telling me that I have to pay $10 an hour in order for that person to work for me and be above board by paying my taxes and the rest of the mandates which are imposed on a business owner, it can be a stranglehold on businesses and business owners. All they are trying to do is operate fairly and make a contribution to society and in the long run if I can't hire anybody at that price, then the minimum wage doesn't mean much.

Entrepreneur and Chairman of The Frederick Douglass Foundation, Timothy Johnson