4 ms·
https://www.workforce.com/news/labor-and-benefits-expenses-in-supermarkets https://www.workforce.com/news/labor-and-benefits-expenses-i... If you doubled the em
by petermcneeley 6y ago
https://www.workforce.com/news/labor-and-benefits-expenses-in-supermarkets https://www.workforce.com/news/labor-and-benefits-expenses-i...
If you doubled the employee wages the prices would increase less than 10%.
If minimum wage went up these businesses would not disappear; prices would just simply increase.
Most modest increases in minimum wage would simply result in income transfers from higher to lower.
- mjfl 6y agoIf minimum wage goes up the stores will simply be replaced by Amazon- is that what you meant to say?