Re:Labor shortage or terrible jobs?
by 6gvONxR4sf7o on Saturday May 01, 2021 @07:25PM
(#27010886)
> Both means that the business deservedly fail under the raised minimum wage.
Isn't the point that it wouldn't fail under a raised minimum wage? It would only fail under an uncoordinated raised wage.
this means your business is less efficient than your competitor's, or you are asking for a higher margin than your competitor. Both means that the business deservedly fail under the raised minimum wage.
if everybody has to raise their prices to fund the higher minimum wage, then it means the original minimun wage was already at the optimal level for your business!