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Sertorio
Posts: 534
Joined: Fri Dec 16, 2016 3:12 am

Re: who said that a higher minimum wage costs jobs?

Post by Sertorio » Sun Jun 11, 2017 3:26 pm

SteveFoerster wrote:
Sun Jun 11, 2017 1:52 pm
Sertorio wrote:
Sun Jun 11, 2017 9:30 am
Why would restaurants be particularly hard hit, if all of them would have to apply the new minimum wage? How many people would stop going to restaurants if meals became a couple of bucks more expensive?...
Because "mass production" restaurant chains can absorb artificially higher costs like minimum wage hikes better than mom-and-pop places can. You'll still have McDonalds and Olive Garden, you'll just lose all the singular places that actually give a neighbourhood some character. That's the unseen effect of most regulations, in this and every other area of economics: they benefit large corporations at the expense of upstarts.
In mom-and-pop places mom and pop do the job themselves so they will not have to pay higher salaries to anybody... :twisted:

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SteveFoerster
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Re: who said that a higher minimum wage costs jobs?

Post by SteveFoerster » Mon Jun 12, 2017 10:23 am

Sertorio wrote:
Sun Jun 11, 2017 3:26 pm
SteveFoerster wrote:
Sun Jun 11, 2017 1:52 pm
Sertorio wrote:
Sun Jun 11, 2017 9:30 am
Why would restaurants be particularly hard hit, if all of them would have to apply the new minimum wage? How many people would stop going to restaurants if meals became a couple of bucks more expensive?...
Because "mass production" restaurant chains can absorb artificially higher costs like minimum wage hikes better than mom-and-pop places can. You'll still have McDonalds and Olive Garden, you'll just lose all the singular places that actually give a neighbourhood some character. That's the unseen effect of most regulations, in this and every other area of economics: they benefit large corporations at the expense of upstarts.
In mom-and-pop places mom and pop do the job themselves so they will not have to pay higher salaries to anybody... :twisted:
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Writer, technologist, educator, gadfly.
President of New World University: http://newworld.ac

User avatar
Sertorio
Posts: 534
Joined: Fri Dec 16, 2016 3:12 am

Re: who said that a higher minimum wage costs jobs?

Post by Sertorio » Mon Jun 12, 2017 1:54 pm

SteveFoerster wrote:
Mon Jun 12, 2017 10:23 am
Sertorio wrote:
Sun Jun 11, 2017 3:26 pm
SteveFoerster wrote:
Sun Jun 11, 2017 1:52 pm
Sertorio wrote:
Sun Jun 11, 2017 9:30 am
Why would restaurants be particularly hard hit, if all of them would have to apply the new minimum wage? How many people would stop going to restaurants if meals became a couple of bucks more expensive?...
Because "mass production" restaurant chains can absorb artificially higher costs like minimum wage hikes better than mom-and-pop places can. You'll still have McDonalds and Olive Garden, you'll just lose all the singular places that actually give a neighbourhood some character. That's the unseen effect of most regulations, in this and every other area of economics: they benefit large corporations at the expense of upstarts.
In mom-and-pop places mom and pop do the job themselves so they will not have to pay higher salaries to anybody... :twisted:
Image
I'm afraid you are beyond help on economic issues...

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