The Greater Fort Myers Chamber of Commerce recognizes the challenge of earning a living wage. We believe compensation should be based on what the local market will bear. Therefore, the Greater Fort Myers Chamber of Commerce does not support government mandated minimum wage increases.
A story specifically concerning Target, Inc. who raised their employee wages, but the employees themselves are not necessarily profiting off of this venture. This shows how a jump in wages may not mean more money in the bank.
Fox News showcases a few case study businesses and what has happened to them as a result of forced $15 minimum wage went into effect in New York City.
This article discusses what companies are doing to compensate for the rising costs of employees. Things like technological automation, cut hours, and loss of overtime are all potential effects of a minimum wage hike.
Focusing squarely on the minimum wage debate, the goal here is to get people to see beyond the “dollar signs” of a raise and understand the intended and unintended consequences of a forced minimum wage hike.