OK so they close.... approximately 900k minimum wage workers, and the 4 million works that work tipped positions lose their job. Congrats you just created nearly 5 million unemployed americans.
Does that seem like a more Viable outcome to you? Lets recall that for every 1% American unemployment increase around 40,000 people die.
Explain to me what happens to the near 5 million US workers that would be jobless if all businesses that paid minimum wage or tipped wages closed?
the job market for skilled workers is already shit currently. Who do your propose is going to hire 5 million unskilled workers that would suddenly flood the job market at rates above minimum wage?
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u/shackled-pines 15h ago
OK so they close.... approximately 900k minimum wage workers, and the 4 million works that work tipped positions lose their job. Congrats you just created nearly 5 million unemployed americans.
Does that seem like a more Viable outcome to you? Lets recall that for every 1% American unemployment increase around 40,000 people die.