I am a business owner, and both my grandfather and father were also business owners. My father had an insurance agency, and after a decade or so, they were paying taxes on a four hundred thousand a year.

They had two producers on a small draw salary, plus four licensed customer service personnel. Not a single one of the CSR women who ran the office for them made over $40,000 a year. In fact, all but one made under $30K. These were knowledgable, licensed people.

Taking less personal profit and adding an additional $100k to their salaries would have created happier employees, and paid them enough that would have actually changed and improved their lives, which in my view would have helped the company overall.

My parents would have still paid taxes on $300K at that time, and still had all the other benefits of owning their corporation. This is the sort of gross unfairness raising the minimum wage would attack.

The idea business owners would not still be able to make a good living if they pay their people better is bogus. If they go out of business, other companies will find a way. The fact is, if forced, so will McDonalds.

I enjoyed your article.