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re: 200,00 likes for this tweet: "you shouldn't own a business if you can't afford $15 MW
Posted on 1/16/21 at 11:00 am to the808bass
Posted on 1/16/21 at 11:00 am to the808bass
quote:
“Marginal employers?” Is that code for companies that don’t deserve to exist?
If increased labor cost kills a small business, then that business either has no pricing power or is struggling already, very likely.
3
Posted on 1/16/21 at 11:29 am to JudgeHolden
quote:
increased labor cost kills a small business,
It is really astounding how clueless some of you really are.
Posted on 1/16/21 at 11:35 am to JudgeHolden
quote:
If increased labor cost kills a small business, then that business either has no pricing power or is struggling already, very likely.
Having “no pricing power” is very different from “struggling.” There’s whole market segments that have no pricing power. Which brings me back to my point. The increase in minimum wage will choose winners and losers. And destroy market segments.
Posted on 1/16/21 at 11:37 am to JudgeHolden
quote:
If increased labor cost kills a small business, then that business either has no pricing power or is struggling already, very likely.
If that were true, then we should just make minimum wage $10,000/hour, right?
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