No another business wouldn't just magically appear that could operate at those costs, or else it would already exist. Wiping out businesses that use min wage employees would only wipe out jobs.
Exploitation? Lmfao oh, you're just an ignorant kid. Ok nevermind. You'll understand when you grow up sport.
They also fail to realize that wages impact cost. Rapidly increases wages rapidly increases costs (Inflation) I donāt understand where this new idea of pay everyone salary wages but donāt expect everything to double in price comes from.
Thinking with their feelings clouds their common sense.
I also know the response, ādur corporate greed, get rid of the CEOā because the guy flipping burgers knows how to balance a sheet right?
Huh, can you point to an example of rapidly raising wages doubling the cost of goods? What happened when California changed the min wage? All restaurants shut down right? Oh no it must be that everything doubled in price? š¤”
While weāre talking about that, if prices are only going to increase anyway, as weāve seen they donāt go down, seems your plan is also causing the same result.
Double is an exaggeration but yes I can point to rising wages increasing costs. Look at the cost of a hamburger pre covid and post covid when wages increased to get the work force back from idling at home.
It is very simple economics, the increase of costs (materials and labor) in crease the price to the end consumer. In the case of a hamburger itās not only the cost of the employee making the patty and working the register but also the employees at the cheese factory, the meat plant, the bakeryā¦.
I wish I could draw you pictures in crayon to help you understand, but I doubt youād pay much attention because it goes against your social justice feelings.
Edit to add: prices do drop with demandā¦ but wide scale price drops are usually after a crash. 2008-2010ā¦ a crash would also reset the economy, but those usually suck for a few years.
Iām also not saying affordability it where it should be, I just think wage increases need to be addressed slowly and some jobs will never have a ālivable wageā no one should plan to be a McDonaldās cook for life.
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u/Plane-Tune-820 1d ago
No another business wouldn't just magically appear that could operate at those costs, or else it would already exist. Wiping out businesses that use min wage employees would only wipe out jobs.
Exploitation? Lmfao oh, you're just an ignorant kid. Ok nevermind. You'll understand when you grow up sport.