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by xymostech
4466 days ago
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Well, then McDonalds can offer more money to work there. Obviously, McDonalds wants to stay in business, so it has to offer up some incentive to get people to work for them. If they offer enough money, there will certainly be people who would work to flip burgers. The jobs' salaries match what they are actually worth, and can't be offered as minimum-wage jobs that people take because they don't have any money and can't get a job elsewhere. |
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Which means burgers will cost much more than they currently do.
The same will be true for all domestic products/services where a significant part of the work force currently has low wages.
Which means that you and I will pay more for goods/services than previously. The effect will be similar to a significant sales tax, might as well try funding BI that way (at least imported goods will carry some of the tax burden) and look at published studies on the effects of sales taxes...