Because they will need to hire more hourly workers.
The whole concept of hourly minimum wage is undercut by the ability of businesses to pay a meager salary.
The mechanism of action for increases prices paid to workers is by decreasing supply of man hours from one individual at a low price (i.e. increasing salaries minimum).
> Because they will need to hire more hourly workers.
I think this is absolute rounding error on the number of additional hourly workers needed.
Yes, a reasonable percentage of salaried workers in low wage industries are exploited as you describe. In turn, with an hourly wage, they'll work a small percentage fewer hours.
The whole concept of hourly minimum wage is undercut by the ability of businesses to pay a meager salary.
The mechanism of action for increases prices paid to workers is by decreasing supply of man hours from one individual at a low price (i.e. increasing salaries minimum).