I believe that in actuality that the increase in the minimum wage will hurt those who least can afford to be hurt. I know in inner-city Fort Wayne we have been trying to get a grocery store to relocate back there. We lost all the major downtown grocery stores. This will increase their wage rates basically 20 percent. They already made a market decision that they could not put it there and we are making the market decision more difficult. In the small town that I grew up and other small towns, the increases in the minimum wage are helping to take very marginal businesses under. We are seeing the Wal-Martization of America because suburbs can afford, through economic growth, to afford a lot of this. We need to look at creative ways, particularly for small businesses to deal with it.
Mark Souder: “I believe that in actuality that the increase in the minimum wage will hurt those who least can afford to be hurt. I…”
On the recordJuly 26, 1996
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govinfo.govEditor's note · Context
Discussing the impact of minimum wage increases on small businesses and local economies.
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