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A comment on The Effects of Major Retailers Raising Their Minimum Wages. Parent comment
* Restaurants being unwilling to raise prices (diners are notoriously intolerant, it can kill restaurants).
* Landlords being unwilling to lower rents.
* Restaurants being unwilling to tolerate < 6% profit margins.
* Landlords being unwilling to lose a good, paying tenant if there isnt another around the corner.
The pain has to be distributed somehow though.
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* Restaurants being unwilling to raise prices (diners are notoriously intolerant, it can kill restaurants).
* Landlords being unwilling to lower rents.
* Restaurants being unwilling to tolerate < 6% profit margins.
* Landlords being unwilling to lose a good, paying tenant if there isnt another around the corner.
The pain has to be distributed somehow though.