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A comment on $15 minimum wage didn’t hurt NYC restaurants. Parent comment

Re:$15 minimum wage didn’t hurt NYC restaurants by mywittyname on Tuesday October 29, 2019 @09:56AM (#21387185)
> Ideally, the system would pay the workers the marginal value of their input for the work done,

I strongly agree with this, but this requires altruistic employers, or unions to accomplish. And this results in jealousy and hostility towards workers in high-margin industries. Workers in general have no idea what their value-add to the company really is.

[ Parent | on HN ]
Re:$15 minimum wage didn’t hurt NYC restaurants by sokoloff on Tuesday October 29, 2019 @10:02AM (#21387249)
No business can be sustained if it pays out 100% of marginal value created for every laborer.

Some portion of that marginal value must be retained by the business to pay fixed costs of the business and likely financing costs as well.

[ Parent | on HN ]