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Amazon, Walmart, and Costco are killing most of those stores, not minimum wage increases.
by Ensorceled 7y ago
Amazon, Walmart, and Costco are killing most of those stores, not minimum wage increases.
- trentnix 7y agoNonsense. Of course increased operational costs for businesses most sensitive to labor costs has an adverse effect on small business. That such increases occur at the same time price competition shrinks margin - such as price competition from the volume sellers you mention - simply exacerbates the problem.
- Ensorceled 7y agoSince real dollar wages are stagnant or declining for decades, with recent changes in minimum wage laws either barely correcting or not correcting this disparity, how can this be nonsense? How can decreasing real dollar operational costs (wages) be an increased cost?