Monday, Sept. 2, 2013 | 2:01 a.m.
John Marchese’s Aug. 12 letter, “Raise worker pay to boost economy,” only tells half the story.
Going from $7.25 to $10.50 per hour will definitely cause workers to get laid off. The prices of goods and services will skyrocket. Every cost associated with the economy will go up. Higher taxes will be in play.
All these additional costs will reduce the effect of the wage increase. Unions will see the wage gap closing, and they will ask for wage increases.
People who want a better living should get training and additional schooling and not sit around crying and complaining. Does it ever end?
We’ll be lucky if many of the businesses will still be around. Marchese should open a business and proceed with caution!