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If raising the minimum wage didn't have an adverse affect on revenue and employment, then clearly it's time to raise the minimum wage again. Right? Why not $50/
by trentnix 7y ago
If raising the minimum wage didn't have an adverse affect on revenue and employment, then clearly it's time to raise the minimum wage again. Right? Why not $50/hr? $100/hr?
If increases wages increases revenue, why have all of these restaurant owners been damaging their business by paying lower wages?
- snarf21 7y agoI'm missing something here. Nothing says that the profit didn't get cut by a large amount. Who cares if you make $100K in revenue if you have $120K in costs? Maybe you'd prefer to have $80K in revenue and $75K in costs so you actually have a profit.
- dicytea 7y agoWhat kind of a joke of a strawman is this? No one is implying that revenue will infinitely positively increase alongside minimum wage.
- 0027 7y agoYeah because if we pay a restaurant worker $100 an hour, they will eat 10 as much...right? The reason of why this might be beneficial is likely because restaurant workers aren't just paying for car insurance, rent, health insurance, etc, and can afford a luxury-- like eating out.
- dangerface 7y ago> why have all of these restaurant owners been damaging their business by paying lower wages? Because they want that money for them selves? Ask a dumb question get a dumb answer.