Y
Hacker News
new
|
ask
|
show
|
jobs
by
skidd0
2785 days ago
A minimum wage isn't one coffee shop with expensive beans. It means Every shop has expensive beans.
1 comments
romed
2785 days ago
Minimum wage raises in America generally come out of the landlord's pocket, not the consumer's.
link
chrisdhoover
2785 days ago
I’m not sure what your statement means. Can you explain what you mean?
link
romed
2785 days ago
Landlords have wide pricing power. They basically get all of the money. Rents rise until merchants make minimal margins. If the law says that wages have to go up, that depresses margins and therefore rents.
link