Minimum Wage Hike Is Offset By Cuts In Fringe Benefits - Investors.com

Minimum Wage Hike Is Offset By Cuts In Fringe Benefits - Investors.com

...the Congressional Budget Office found that if the minimum wage is hiked to $10.10 an hour, expected job losses by 2016 will amount to a scant 0.3% of the jobs affected.
Those in favor of a minimum wage increase are willing to accept these employment losses for the few in exchange for income gains for the many.
But this view fails to recognize that wage income is not the only form of compensation with which employers pay their workers.
Also in the mix are fringe benefits, relaxed work demands, workplace ambiance, respect, schedule flexibility, job security and hours of work.