Re:Britain to make salary disclosure in job ads mandatory
by pydry on Friday November 06, 2026 @09:34AM
(#50392761)
>Minimum Wage being set to $X means prices must raise to allow that increased cost, or they will cut the position. A job a business would be willing to pay $5 an hour for gets cut when the minimum wage is $15 an hour, and just have 1 person do the work of 3. Many grocery store jobs that people used to be able to get at 13 or 14 have disappeared with the higher minimum wage for example
What actually happens is that profit margins get hammered (notice how you forgot about those? they can go down too) and those businesses that rely upon minimum waged labor complain bitterly.
Very low margin businesses do raise prices but in the studies I saw the only two examples from a wide survey were, like, nail salons and catering.
The whinging manifests as money piled into lobbying and public outreach to prevent this type of thing from happening again and the result of that public outreach is where you formulated your opinion about what happens.
What actually happens is that profit margins get hammered (notice how you forgot about those? they can go down too) and those businesses that rely upon minimum waged labor complain bitterly.
Very low margin businesses do raise prices but in the studies I saw the only two examples from a wide survey were, like, nail salons and catering.
The whinging manifests as money piled into lobbying and public outreach to prevent this type of thing from happening again and the result of that public outreach is where you formulated your opinion about what happens.