You way over estimate the cost of manufacturing something. This is the same argument against minimum wage… you want a hamburger to cost $50?!?! Actually labour is like $0.15 cents of it
>...A fast-food restaurant could typically run labor costs around 25% while a full service restaurant could run about 30-40% of revenue depending on how up scale the bar or restaurant is and the demand needed.
No one is claiming that proposed higher minimum wages would cause hamburgers to cost $50 - you don't need to use a hyperbolic straw man. But even before the pandemic, the minimum wage increases that went into affect in 2020 have had some effects on restaurants:
>... A study by Harri revealed that a whopping 71% of restaurants have responded to the recent minimum wage increases by raising menu prices.
In addition to price increases (71%), reduced employee hours (64%) and job eliminations (43%) were the most common reactions to wage inflation.
Where are you getting that number from?
>...A fast-food restaurant could typically run labor costs around 25% while a full service restaurant could run about 30-40% of revenue depending on how up scale the bar or restaurant is and the demand needed.
https://academy.getbackbar.com/average-restaurant-costs-liqu...
>... you want a hamburger to cost $50?!?!
No one is claiming that proposed higher minimum wages would cause hamburgers to cost $50 - you don't need to use a hyperbolic straw man. But even before the pandemic, the minimum wage increases that went into affect in 2020 have had some effects on restaurants:
>... A study by Harri revealed that a whopping 71% of restaurants have responded to the recent minimum wage increases by raising menu prices. In addition to price increases (71%), reduced employee hours (64%) and job eliminations (43%) were the most common reactions to wage inflation.
https://pos.toasttab.com/blog/on-the-line/how-restaurants-de...