4 ms·
Moving is one of many concerns. Big businesses generally have a higher elasticity of demand for many goods and services, compared to the poor and middle class.
by ddxxdd 5y ago
Moving is one of many concerns.
Big businesses generally have a higher elasticity of demand for many goods and services, compared to the poor and middle class. This translates to big businesses being willing and able to raise prices, lower production, lower wages, lay off workers, move overseas, or have rich executives retire early in response to government impositions.
I don't quite get why you would argue that taxes don't affect wages; taxes affect the return on investment for hiring employees, so it should affect how much a company is willing to pay for someone's labor.