>However if we had universal basic income instead, and thus could scrap minimum wage, you might see the price of a burrito drop.
...at the expense of massive fiscal spending needed to fund the UBI in the first place.
...at the expense of massive fiscal spending needed to fund the UBI in the first place.
It's also a byproduct of minimum wage, the time spent on making the burrito, prepping the kitchen, cleaning up, processing the order, doing the accounts, etc. all adds up meaning a single meal has a minimum cost directly proportional to minimum wage.
Though don't get me wrong, minimum wage is an overall good imo.
However if we had universal basic income instead, and thus could scrap minimum wage, you might see the price of a burrito drop.