SmallBusinessNewz

An increase in the minimum wage may mean small business owners will have to pay their employees more.  Yet for the average owner, the absence of an increase might actually be worse.

Let's suppose that most "good" small business owners give their employees a little more than the minimum wage.  "Bad" ones - and bigger competitors - seem less likely to do the same.  So an increase in the minimum wage will keep those entities from getting too much of a financial edge over the good guys.

Also, it's not exactly a blow-out-the-books increase, anyway.  As reported by The Works, FSB spokesman Simon Briault said in connection to a U.K. increase, "The low pay commission seems to have come round to a more stable approach to increases in the minimum wage very much along the line of inflation, and that's something that we think most small businesses are happy with."

And if nothing else, employees are almost guaranteed to be happy, perhaps making them work a little harder or act more cheerful when dealing with customers.

Business owners in both the U.S. and the U.K. should be confronting these theories in the very near future.