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Where does she think this money is coming from? The poop fairy? Any raise in the cost of labor will be reflected in a price raise. I give you 22/hr now, but
by mrverify 5y ago
Where does she think this money is coming from? The poop fairy? Any raise in the cost of labor will be reflected in a price raise. I give you 22/hr now, but eggs are $7 a dozen. All of the raise is eaten up in price increases. How hard can this be? Retail has insanely tight margins where labor is the major cost center.
- WarOnPrivacy 5y ago> Any raise in the cost of labor will be reflected in a price raise. Perhaps raising prices in order to protect executive pay and shareholder dividends is a factor.
- bluGill 5y agoBoth are tiny compared to the total wages of workers.
- mrverify 5y agoThat's a straw man argument. Both conditions do indeed raise prices, but only one is due to unnatural government intervention in the market.
- mrverify 5y agoWell, I take that back. I guess when big banks are forced to take money from the government, they have to do something with it, so in that case, the execs get bonuses and stocks are bought back.