According to the SBA, the median income for self-employed individuals at an incorporated business was $49,804 and $22,424 for unincorporated firms
Raising wages $3/hour would cost small businesses $6240 (3X40X52) to each employee. That increased payroll would increase taxes, insurances and the like around $1500 (using the average figure of around 25%), bringing the total to $7740 per year per employee.
If a business is making on the lower side of the median, that $3 increase could mean the end of business for anybody with as few as 3 or 4 employees.
More of b_l's idiocy brought to light. It's just TOO EASY! Sure it's only basic math, but facts, figures and truths never get in the way of b_l making a fool of himself. (Thankful for us, as we'd lose the entertainment.)