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A comment on The Class of 2017 – Raising America's Pay. Parent comment
There's three things that can give:
1) Unemployment (workers eat shit)
2) Inflation (customers eat shit)
3) Profits (owners eat shit)
I'll give you a clue which group takes the brunt of minimum wage increases. Take a wild guess who paid for this expensive times sq advert:
https://pbs.twimg.com/media/CNsVNeGWUAE3T7p.png
The low pay commission study actually found no effect on employment and no effect on prices except for a very slight non-commensurate rise in one industry (canteen services i think).
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There's three things that can give:
1) Unemployment (workers eat shit)
2) Inflation (customers eat shit)
3) Profits (owners eat shit)
I'll give you a clue which group takes the brunt of minimum wage increases. Take a wild guess who paid for this expensive times sq advert:
https://pbs.twimg.com/media/CNsVNeGWUAE3T7p.png
The low pay commission study actually found no effect on employment and no effect on prices except for a very slight non-commensurate rise in one industry (canteen services i think).