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The article does not mention that some of those workers will get reduced hours or be laid off. Other things being equal, less of X is purchased when X rises in
by Bostonian 3y ago
The article does not mention that some of those workers will get reduced hours or be laid off. Other things being equal, less of X is purchased when X rises in price. Here is an example:
"California's New Minimum Wage Is Predictably Killing Food Delivery Jobs. Pizza Hut announced plans to lay off 1,200 delivery drivers on Wednesday." https://reason.com/2023/12/27/californias-new-minimum-wage-is-predictably-killing-food-delivery-jobs/ https://reason.com/2023/12/27/californias-new-minimum-wage-i...