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This story appears in the February 1996 issue of Entrepreneur. Subscribe »

Re: Your October article on the proposed minimum wage hike ("Business Beat"): The feds are going to do it to us again. The economy cannot take a big hike ($4.25 to $5.15 is an increase of over 21 percent).

If some employees get an increase of 21 percent, unions and other employees will say, "Hey, me too!" As overhead rises, the price of the product you sell must also rise. This is called inflation. It won't take long to wipe out the increased buying power of the dollar they just gave them.

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