What impact would a hike in the federal minimum wage to $15 an hour have on your company?
"Overall, raising the national minimum wage would result in either higher prices to consumers or higher costs to producers. If prices are raised, consumers will seek less-expensive substitute products, or simply buy less. If prices are not raised, then marginal industry producers will be put out of business. Either way, while some workers may benefit, more will be put out of work and the national economy (and our industry) as a whole would suffer. As a low-cost, highly automated player in the textile rental industry, the net effect to Dempsey would be a shrinkage in our existing customer base, which ...
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