Expectations of Minimum Wage

The Federally (or State) mandated "minimum wage" itself, regardless of its price point, is an economic abomination. It is a supervening force setting the price for a commodity without regard for the actual economic value of that commodity.

Every reputable economist in the world recognizes this principle; even the current Leftist Whore Paul Krugman acknowledged this economic fact in his original Econ text book - before he started whoring for the Left.

Every price mandate creates a class of winners and a class of losers. Leftist politicians continually try to conceal who the losers in their policy initiatives are, or simply deny their existence. With the Minimum Wage, the Winners are obvious - if you can actually find them: they are the people who have their rate of compensation increased and do not suffer job loss or loss of hours. Hooray for them!

The Losers - much more numerous - are the employers who have to pay the higher wages, the employees who lose their jobs or have their hours cut, the customers who have to pay a higher price, and the would-be employees who will not be hired because their unskilled work is not worth the new Minimum Wage.

Lost in the discussion is the fact that there is an informal and natural minimum wage in all places and at all times. The natural minimum wage is the lowest price (wage) that an employer can pay and still get people to work for him/her. In my suburban area, no one will work for less than $9/hr. That's what all the fast food joints pay here, as well as other small business who employ people at MW.

Leftists like to highlight stories of how the local MW was raised in some high cost of living area, and there were NO JOB LOSSES! Hooray! But that's because the natural minimum wage in that area was not exceeded. If you make the same increase in MW universal, then it WILL cause job and hour losses in the areas where the natural minimum wage is lower than the new mandate.

Any time the price of some commodity is increased above the economic value of that commodity, three things happen: (1) the consumers of that commodity use less of it, (2) the consumers seek out alternatives, and (3) if the difference between the mandated price and the economic value is great enough, a "black market" will be created.

Imagine a state tax of $50 on single-serving packs of potato chips (proportionate taxes on larger size bags). (1) people will eat less potato chips, (2) they will seek out alternative salty snacks, and (3) some people will begin making potato chips in their basement and selling them out of the trunks of their cars.

Raise the national MW to $15, effective immediately, and (1) headcount and hours will be cut, (2) automation will be implemented wherever technically possible, and (3) there will be millions of people around the country either working illegally, or getting paid under the table.

It ain't rocket science.
it is a cost of living adjustment.
 
Value has little to do with the wage
It is based on what they can get someone to accept

Business does not employ superfluous workers. If it takes four workers to man a shift, you do not hire five

Value has little to do with the wage

Baloney.

I dunno. I kind of agree with the statement. Monkeying with wages doesn't change the value of labor, just the price. Raising the minimum wage won't change the value of the work being done, it just says if your work isn't worth the new wage, you can't work. Sorry. Get in the bread line.

Monkeying with wages doesn't change the value of labor,

Exactly. That's why fewer unskilled workers are hired at $10 than at $7.25.

Because they have little bargaining power. Makes them easily exploited

No amount of bargaining power will make trivial jobs worth more money. The reason burger flippers at fast food restaurants don't make much is because we (me and you) don't value the work they do very much. We like fast food because it's cheap. If the cost goes up, we'll eat less of it, and there will be less burger flipping jobs....

Wait a minute, what am I doing? You don't give a shit about reason or logical argument. My bad. Carry on.
The reason is not value but the ease of replacing low skilled workers
Don’t like it, I will find someone to replace you

Gives them minimal bargaining power
 
Removing minimum wage allows employers to exploit low skilled workers. Because they are easily replaced, it is simple to threaten them if they are unsatisfied. Just because you can exploit someone doesn’t mean you should
Because they are easily replaced

Yes, people with few skills and little or no experience are easily replaced.
Which is why they need protection from a minimum wage

Just because you can exploit someone doesn’t mean you should

Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it
 
Because they are easily replaced

Yes, people with few skills and little or no experience are easily replaced.
Which is why they need protection from a minimum wage

Just because you can exploit someone doesn’t mean you should

Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.
 
Stopping them from getting jobs isn't helpful.
It doesn’t stop them from getting jobs
The market adjusts to a higher wage. It always has
It doesn’t stop them from getting jobs
If someone adds $6 an hour of value, but they can't be hired for less than $8 an hour, they won't be hired.

The market adjusts to a higher wage.
You're right. By eliminating the jobs of the least productive.
Value has little to do with the wage
It is based on what they can get someone to accept
Business does not employ superfluous workers. If it takes four workers to man a shift, you do not hire five
Value has little to do with the wage

Baloney.
I dunno. I kind of agree with the statement. Monkeying with wages doesn't change the value of labor, just the price. Raising the minimum wage won't change the value of the work being done, it just says if your work isn't worth the new wage, you can't work. Sorry. Get in the bread line.
ToddsterPatriot, RightWinger, Dblack, the purchasing power and exchange rates of national currencies vary over durations of time.
If we're discussing values of finite prices, expressed in U.S. dollars, paid or received within durations of years between transactions, their real values have varied.


Social Security retirement benefits are annually adjusted to reflect changes of a Consumer-price index number. The numbers of dollars are modified to retain approximate purchasing powers of their benefits. Note that both the numbers and the purchasing powers of current tax revenues' U.S. dollars funding Social Security retirement benefits are also constantly changing.

Discussing values of transactions in terms of explicit numbers of U.S. dollars not adjusted to reflect differences of their purchasing powers over durations between their transactions' years are less meaningful. Due to the lack of consideration for the U.S. Dollar's varying purchasing power, many of this thread's posts are less valid or realistic.

Respectfully, Supposn
 
$20/hour minimum wage in the USA.

What are the pros and cons of a $20/hr
minimum wage?

Reasons intelligent people oppose minimum wage:

1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches workers that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers
7) makes a huge % of work force (42%) minimum age workers with no incentive to improve their skills.
8) speeds up transition from high density brick and mortar employment to low density on line employment
9) encourages govt to enact more libsocialist policies to get more votes from the supposed beneficiaries

Removing minimum wage allows employers to exploit low skilled workers. Because they are easily replaced, it is simple to threaten them if they are unsatisfied. Just because you can exploit someone doesn’t mean you should

It allows them to hire more unskilled labor, so that more people have jobs. And those people now have their foot in the door to move up the income ladder.

The Advanced Auto Parts store, I worked at, there was a guy there that started off stocking shelves. He was paid minimum wage to start. Today he's a store manager, that earns $60K a year plus the yearly profit bonus.

If you had jacked up the minimum wage, so that guy was never hired... he would never have gotten to where he is.
 
Which is why they need protection from a minimum wage

Just because you can exploit someone doesn’t mean you should

Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
 
Which is why they need protection from a minimum wage

Just because you can exploit someone doesn’t mean you should

Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.
so, if price inflation causes safety equipment prices to go up; you are claiming the private sector would do it with less safety.
 
$20/hour minimum wage in the USA.

What are the pros and cons of a $20/hr
minimum wage?

Reasons intelligent people oppose minimum wage:

1) makes it illegal to employ people not worth minimum wage
2) raise prices for poor people who often shop where minimum wage folks work
3) speeds up automation and replacement of minimum wage jobs
4) teaches workers that you get ahead with govt violence rather than being worth more
5) raises prices, reduces demand, and thus reduces employment
6) makes American workers even less competitive with foreign workers
7) makes a huge % of work force (42%) minimum age workers with no incentive to improve their skills.
8) speeds up transition from high density brick and mortar employment to low density on line employment
9) encourages govt to enact more libsocialist policies to get more votes from the supposed beneficiaries

Removing minimum wage allows employers to exploit low skilled workers. Because they are easily replaced, it is simple to threaten them if they are unsatisfied. Just because you can exploit someone doesn’t mean you should

It allows them to hire more unskilled labor, so that more people have jobs. And those people now have their foot in the door to move up the income ladder.

The Advanced Auto Parts store, I worked at, there was a guy there that started off stocking shelves. He was paid minimum wage to start. Today he's a store manager, that earns $60K a year plus the yearly profit bonus.

If you had jacked up the minimum wage, so that guy was never hired... he would never have gotten to where he is.
in the mean time, Labor cannot afford housing and our social service costs go up.
 
Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
the long run equilibrium where higher paid labor pays more in taxes and creates more in demand.
 
Stopping them from getting jobs isn't helpful.

Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg
 
Last edited:
ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn
 
Historically, it hasn’t.

The market has adjusted

Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.
 
ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn

The lowest wages will eventually race to the bottom, and the median wage will also be reduced.

You're lying.

The federal minimum wage rate to some extent bolsters all wages,

You're lying.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Another lie.
 
Historically, it hasn’t.

You're simply wrong.

The market has adjusted

Yes, by reducing headcount and driving marginal businesses under.
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.
Exactly
 
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.
Exactly

And if they go out of business... then all those employees instead of earning more, are earning zero.

Exactly.
 
ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn

So earning zero has no reduction in purchasing power... but being employed and earning a wage, does?
 
Minimum wage increases do not lead to reduced jobs

If you need four minimum wage workers to man a shift, you do not drop to three

If you could get by with just three, you would already have done it

Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.
Exactly

Exactly. Now that's four workers earning zero.
 
ToddsterPatriot, you're correct. If we eliminated the federal minimum wage rate, more people would be employed; but at wage rates that will be of drastically reduced purchasing power.

The lowest wages will eventually race to the bottom, and the median wage will also be reduced. The purchasing powers of the lowest third of USA's wage earners pay will propritonally be the greatest reduced.

The federal minimum wage rate to some extent bolsters all wages, but it doesn't affect all pay scales equally. It's of the greatest benefit to earners of the lowest wage rates, and of lesser benefit to employees earning higher wage rates. (If there's no scarcity of available labor), the extent of the minimum rate's effect is approximately proportional to the differences between the minimum and the jobs' rates, and it's an inverse relationship.

Elimination of the federal minimum wage rate would increase poverty and be of net economic detriment to our nation.

Respectfully, Supposn
What would happen if we cut minimum wage in half? Would employers hire twice as many workers?
If they have one worker who sweeps floors, would they hire two workers to sweep floors?

My guess is they will keep just one floor sweeper and pocket the extra money
 
Minimum wage increases do not lead to reduced jobs

You're lying.

If you need four minimum wage workers to man a shift, you do not drop to three

If you need four and a wage hike means you can only afford three, you eliminate one or go under.
Or both.

Minimum wage increases do not lead to reduced jobs

You're lying.​

What is with you people........

Minimum wage increases do not reduce jobs? rightwinger you can't be this stupid.

Are you saying that if the guy that mows the lawn for you, started charging $100 a mow, that it would have no effect on who hires him to mow lawns?

Are you idiot? Of course increasing the minimum wage reduces jobs. If the minimum wage caused the value meal at Wendy's to cost $30..... do you think that might reduce how many people go to the store for lunch? Do you think that reduction would cause fewer people to be employed making that lunch?

Of course it would. You have to be a mindless idiot to think otherwise.
If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service. If Wendy’s could function with just three workers, they already would

Since minimum wage was last increased,the price of beef doubled. Wendy’s did not switch to chicken or lay off workers because the price of beef increased. They just raised the price of their burgers. So did McDonalds and Burger King

Annual%20Prices%20for%20Various%20Weight%20Feeder%20Steers%20and%20Fed%20Steers%20in%20Nebraska.jpg

If Wendy’s needs four minimum wage workers to staff a shift, they cannot cut down without impacting customer service.

And if customer service is impacted they could go out of business.
Exactly

Exactly. Now that's four workers earning zero.
Four workers earning an increased wage
 

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