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by whatever1 1854 days ago
Or businesses can increase their unlivable wages.

I am certainly willing to pay 30 cents more for my Big Mac so that the employee gets $15/h instead of 8

1 comments

Isn't this mainly a game theory problem? If you don't force a minimum wage, then competitors will undercut each other.

As much as we like to believe WE would go to the "more ethical place", unless the average person did then ultimately the undercutter will win. Now real life is not that black and white obviously. Costco pays a pretty decent wage allegedly but they make up for it in creative ways (like having the warehouse also be the storefront).

Labor cost at restaurants is rarely the determining factor for food prices. It is the real estate cost. But we don’t talk about it.