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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 11:35 am to JudgeHolden
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.
1
Posted on 1/16/21 at 5:31 pm to the808bass
quote:
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.
808Bass, it is obvious that JudgeHolden likely has a Woman Studies Degree and can’t comprehend the most basic economic principles.
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