Prices are funny. My last job we were changing clients extra for doing a thing that didn’t cost us anything and was fast to do. How much we charged was completely arbitrary and depended on the partners mood. It’s all made up folks.
Yeah, which is why the “if minimum wage increases, so will prices” aregument is BS. They were going to charge the highest price they thought they could either way, the difference is that they are forced to increase the amount that goes to the people they are trying to pay the least.
There is an element of minimum wage increasing, increasing prices because now there are more people that can afford to pay for things.
But yes it isn’t because costs go up, and it really only applies to things people on minimum wage can afford and it’s always less than the increase in wages.
This would impact the companies pnl though, so shareholders and c suite will get less money. That’s why they’re scaring people into not wanting to increase wage.
Prices are funny. My last job we were changing clients extra for doing a thing that didn’t cost us anything and was fast to do. How much we charged was completely arbitrary and depended on the partners mood. It’s all made up folks.
Yeah, which is why the “if minimum wage increases, so will prices” aregument is BS. They were going to charge the highest price they thought they could either way, the difference is that they are forced to increase the amount that goes to the people they are trying to pay the least.
There is an element of minimum wage increasing, increasing prices because now there are more people that can afford to pay for things.
But yes it isn’t because costs go up, and it really only applies to things people on minimum wage can afford and it’s always less than the increase in wages.
This would impact the companies pnl though, so shareholders and c suite will get less money. That’s why they’re scaring people into not wanting to increase wage.