3 ms·
Not much, because (1) the effect would be felt by all restaurants at the same time and (2) your customers would have more money to spend.
by markdown 8y ago
Not much, because (1) the effect would be felt by all restaurants at the same time and (2) your customers would have more money to spend.
- pc86 8y ago#1 is definitely true but #2 is only true if most of your customers make the minimum wage. Since we're talking about less than 4% of hourly workers[0] (so excluding everyone making a salaried wage which is going to be almost everyone reading this and everyone they interact with professionally), it's extremely unlikely that a majority of your customers make the minimum wage even if we're talking about a fast food franchise. [0] https://www.bls.gov/opub/reports/minimum-wage/archive/characteristics-of-minimum-wage-workers-2014.pdf https://www.bls.gov/opub/reports/minimum-wage/archive/charac...