Re:I need to explain to you just how dire America's Pokémon ...
by TchoBeer on Sunday May 02, 2021 @01:35AM
(#27012599)
Because then they would lose profits. If labor becomes more expensive, maximal profit would be found at producing less and charging more, but overall profit would decrease.
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Re:I need to explain to you just how dire America's Pokémon ...
by Robotbeat on Sunday May 02, 2021 @09:09AM
(#27014970)
...you’re ignoring demand effects. Higher wages means more aggregate demand. Empirical research on minimum wage increases shows that this basically fully compensates for hypothetical disemployment effects.