It's happening whether you like it or not. It's not my idea nor my fault as you seem to be implying. I'm just stating the way that things are happening and options in the inevitable outcome. You can focus as much as you want on how this is going to make your business fail. Or you can try to find ways to make your business work in the economy. Sorry it sucks, but it's not something any of us individually have control over. And obviously more people think it should be going one way than the other. Or we would not be having this discussion.
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You keep saying that it is happening whether I want it to or not and I do not know where you are getting that information from. It is currently up for debate.
This is not going to affect me in a business sense, I have no employees and any I did have would be paid far above minimum wage. However, if I am required to pay a minimum of 30,000 per year to someone to just answer my telephone I think that I will not have that kind of income so will have to rely on some sort of automated mechanism. So, there is a 20-25K per year job eliminated immediately from any planning I might do.
That will make expansion from a 1 person to mulitiple person firm more difficult so slower growth for me in a business sense.
Personally it will increase all of my costs as labor will increase across the board. Of course this wont just be for me, it will be for everyone. So, America suddenly has less buying power in addition to inflation. And the situation will deteriorate as there are not new jobs forming in the marketplace.
If you do websites you just gave your customer base a huge kick in the nuts. Not many startups needing your company anymore. Hard to pay people 25-40 per hour with no work.
I think we both want the same thing which is prosperity. You want it forced from the top down and it doesnt work that way.