APP - ILA vs Rune: Minimum Wage

Rune said:
Not what I said. They are asking for a 20% increase in the cost of a minimum wage worker's salary, not an across the board increase of cost to business.
Click to expand...

Labor is the largest expense for most businesses. Where is your evidence that these businesses can absorb an arbitrary increase of 20% in their costs?

It is nonsensical to believe that they will not adjust their labor force accordingly. They won't expand. They will hold off hiring an you will ultimately hurt those you claim you are trying to help by pricing them out of the labor market.

The law of supply and demand dictates that as the price of a good gets more expensive less will be consumed. This applies to computers and labor.
 
I Love America said:
Labor is the largest expense for most businesses. Where is your evidence that these businesses can absorb an arbitrary increase of 20% in their costs?

It is nonsensical to believe that they will not adjust their labor force accordingly. They won't expand. They will hold off hiring an you will ultimately hurt those you claim you are trying to help by pricing them out of the labor market.

The law of supply and demand dictates that as the price of a good gets more expensive less will be consumed. This applies to computers and labor.
Click to expand...

When the price of a cup of coffee went up 20 cents you stopped drinking coffee?
 
You must log in or register to reply here.
Back
Top