How Minimum Wage and UBI Affect Businesses

One of the biggest disagreements in economic policy revolves around the “living wage.” Most presidential candidates in the Democratic Party want to raise the federal minimum wage to $15 per hour, as it is considered a “living wage.” On the other hand, Andrew Yang wants to allow states to determine their own minimum wage and implement a basic income on top of that. Bryan Frew, CPA explains how each policy changes business decisions for large corporations and small businesses.