But can this $15 minimum wage be undone?
Once they raise the prices to cover wages, and if the minimum wage gets revoked, what makes you think they'll drop prices? It's just MORE profit because everyone expects it to cost that much now, even though wages has dropped. It's Pandora's Box. Once it's opened, it can't be closed.
But can this $15 minimum wage be undone? Once they raise the prices to cover wages, and if the minimum wage gets revoked, what makes you think they'll drop prices? It's just MORE profit because everyone expects it to cost that much now, even though wages has dropped. It's Pandora's Box. Once it's opened, it can't be closed.