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> But it would also almost certainly be considerably lower. No, it wouldn't. It would be exactly the same. Because their employer knows exactly how much they w
by maratd 12y ago
> But it would also almost certainly be considerably lower.
No, it wouldn't. It would be exactly the same. Because their employer knows exactly how much they will get in tips and subtracted that same amount from their salary. The cost of labor is constant, regardless of how you divide it.
- waterlesscloud 12y agoFrankly, you're just flat out wrong on this. If the employer can capture this income, they will. You're welcome to present evidence otherwise.
- maratd 12y agoIf the employer captures too much income, the employee quits. That's what controls the amount the employer can capture and that's the labor wage for the work. This is econ 101.
- deleted 12y ago[deleted]
- tptacek 12y agoDoesn't econ 101 have something to say about Pareto Efficiency, or is that a later course?