2 ms·
I mean it has to by definition. If you hire someone to do a basic job like say sweeping your drive or cleaning or whatever and the cleaner used to cost 15/h an
by naming_the_user 2y ago
I mean it has to by definition.
If you hire someone to do a basic job like say sweeping your drive or cleaning or whatever and the cleaner used to cost 15/h and now costs 17/h that's directly linked, 100% of the minimum wage increase goes straight into price increases.
You can argue about what percentage feeds through to various products - not everything is fully linked to local labour costs - but I don't see how anyone can pretend otherwise, it's about as close to mathematically defined as you can get.