It would do more than "cut into profits", it would inflate repair and maintenance bills for your average person dramatically. For automobile servicing, labor co

It would do more than "cut into profits", it would inflate repair and maintenance bills for your average person dramatically. For automobile servicing, labor costs are about 50% of the bill. Double salaries from $52k national average to $100k and everyone is now everyone is getting hit with 25% higher costs at the mechanic. That money has got to come from somewhere. And for all the owner-operated mechanic garages out there, which is probably the majority of them, their profit IS the labor bill. "cutting into profits" while raising salary are literally opposite concepts.