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re: Bank Of America - Minimum Wage to be $25 hr/50K yr
Posted on 9/20/23 at 11:10 am to Locoguan0
Posted on 9/20/23 at 11:10 am to Locoguan0
quote:
because they can absorb the cost increase;
You think major corporations will just absorb costs and not pass them on? You think they are willing to accept lower margins for altruistic means?
1
Posted on 9/23/23 at 8:18 am to sidewalkside
quote:
ou think major corporations will just absorb costs and not pass them on? You think they are willing to accept lower margins for altruistic means?
Altruism doesn't play into it. Taking less profit is a common strategy to eliminate competition. Once the competition is gone, you raise prices.
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