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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (750568)	10/31/2013 4:54:09 PM
From: i-node	2 Recommendations Recommended By FJB TopCat Read Replies (1) \| Respond to of 1574758

>> The studies that indicate a linkage have procedural flaws. Usually there is no linkage. Which makes sense. Raising the minimum wage affects all businesses in a given sector. So there is no competitive advantage. And raising the minimum wage doesn't cause a decrease in business and can have the opposite effect. Of course it does. They've been doing studies on this for 50 years or more, and they have been fairly consistent in the findings, which I showed you complete with links and quotes a few months ago and before that years ago. Beyond the "studies", it is just basic microeconomics: If labor costs more, as a business you're going to buy less of it and you're going to tend toward mechanization. The argument that "everyone is doing it" does not cut any ice if you're in a business (e.g., fast food) where raising prices means you sell less product, regardless of what your competition is or is not doing because people do not HAVE to have fast food. This really isn't complicated; I don't know why you continue to have such a difficult time with it.