15 dollar minimum wage will increase prices by at least 1/3....

[2aguy]

Yeah...that won't hurt the poor or businesses....

15-Dollar-per-Hour Fast Food Wages Will Raise Prices National Review Online

 

[rightwinger]

Conservatives have never been good at math

Labor is not the only contributor to price of goods and services, Most labor is already paid above minimum wage

 

[2aguy]

Conservatives have never been good at math

Labor is not the only contributor to price of goods and services, Most labor is already paid above minimum wage

yeah...which is why they didn't just rely on that.....

Last year, the Heritage Foundation estimated how a $15-an-hour minimum wage would affect fast-food prices — accounting for all these factors. That report used data on average fast-food balance sheets, relied on BLS wage estimates, and accounted for customers’ price sensitivity. This model found very different results: Prices would have to rise 38 percent to cover the higher wages, while sales and emplo

Read more at: 15-Dollar-per-Hour Fast Food Wages Will Raise Prices National Review Online

 

[Preacher]

No it wont.

 

[2aguy]

Conservatives have never been good at math

Labor is not the only contributor to price of goods and services, Most labor is already paid above minimum wage

leftists have trouble with math, human nature, truth, reality, the difference between right and wrong, and good and evil.......

 

[rightwinger]

Conservatives have never been good at math

Labor is not the only contributor to price of goods and services, Most labor is already paid above minimum wage

yeah...which is why they didn't just rely on that.....

Last year, the Heritage Foundation estimated how a $15-an-hour minimum wage would affect fast-food prices — accounting for all these factors. That report used data on average fast-food balance sheets, relied on BLS wage estimates, and accounted for customers’ price sensitivity. This model found very different results: Prices would have to rise 38 percent to cover the higher wages, while sales and emplo

Read more at: 15-Dollar-per-Hour Fast Food Wages Will Raise Prices National Review Online

Backing down already?
Now it is only fast food that is affected?

The cost of your burger is much more than the labor to cook it. Cost of the food, building/rent costs, taxes, franchise fees, advertising, maintenance, management

Yet, somehow the lowest paid worker is the one who conservatives blame

 

[2aguy]

No...we blame stupid democrats who push for this, and then when jobs are not created, and the workers lose money or their job, those same politicians blame republicans for the job loss or the jobs never created.........

And I haven't backed down....read the story.....they show all the problems that raising the minimum wage creates that lead to increased costs....

Last year, the Heritage Foundation estimated how a $15-an-hour minimum wage would affect fast-food prices — accounting for all these factors. That report used data on average fast-food sheets, relied on BLS wage estimates, and accounted for customers’ price sensitivity. This model found very different results: Prices would have to rise 38 perce

 

[2aguy]

and this is how much you can expect the price to go up.....

n the short term, the price of a Big Mac would rise from $3.99 to $5.50. A Big Mac meal would go from $5.69 to $7.85. That takes a much larger bite out of consumers’ wallets than a 17-cent hike. Moreover, this money won’t come from “the rich.” Warren Buffett and Bill Gates don’t spend much on fast food. Low- and middle-inc

Read more at: 15-Dollar-per-Hour Fast Food Wages Will Raise Prices National Review Online