Re:$15 minimum wage didn’t hurt NYC restaurants
by pytester on Tuesday October 29, 2019 @09:13AM
(#21386707)
>small and family owned businesses are absolutely hurting
likely because profit = revenue - expenses and expenses (in the form of wages) have gone up more than revenue.
Raising the minimum wage has always been bad for margins. That's why those restaurants (and economists indirectly on their payroll) try to convince us that it's bad for workers too.
likely because profit = revenue - expenses and expenses (in the form of wages) have gone up more than revenue.
Raising the minimum wage has always been bad for margins. That's why those restaurants (and economists indirectly on their payroll) try to convince us that it's bad for workers too.