[TheGuyCPA]

There is a lot of controversy between raising the minimum wage to $15 or not. Obviously the lower class will complain they don’t get paid enough, and the small business owners on the contrast will argue that they will not survive. If that’s the case, why haven’t these governments thought of incremental wage increases based on level of company profits? For example: $0 – $100,000 net income; minimum wage = $8.75, $100,000 – $500,000 minimum wage = $11.25, and etc.. I feel that would solve everyone’s problem. This would also be great for audit firms because an additional audit requirement would bring revenue.

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State of Illinois Licensed CPA as of September 2015