From the article:
Charlotte, N.C.-based Family Dollar, which pays her the minimum wage of $7.25 an hour, recorded a profit of $80.2 million in its most recent quarter, according to a filing with the Securities and Exchange Commission.Yes, lets punish a company that operates on profit-loss signals, and produces a profit. How about Family Dollar just pay every employee $50 an hour? How much profit would it still have? How many stores would have to be shut closed?
Also from the head of the Wage and Hour Division of the Labor department (can't get more gov't title than that):
At minimum wage "you can work full time and make $14,500 a year," Ms. Maxwell said in an interview. "What a lot of people have to do is work two of those jobs. What the president is saying is let's reward hard work."What about the hard work of the person that starts a business from scratch? Why punish him or her? I don't get it. No one is forcing these people to work at these jobs. They choose to apply for these jobs and accept these jobs with these wages offered to them. If the minimum wage increases, the cost of products and services will go up, and unemployment will increase. And in doing so, no one becomes wealthier.