Arumdaum wrote:Distruzio wrote:
Their labor skills would be overvalued artificially. Resulting in fewer employees, fewer luxuries in the restaurants, and fewer franchises.
How'd it be overvalued artificially?
How do you measure what labor skills are actually worth then?
Increased wages would allow for people to purchase more products from businesses and eat more expensive things at restaurants, making up for part, if not most or all, of the cost. It'd also allow for those who earn less than $15/hour to lead much more comfortable lives, although they'd probably still be financially insecure.
Because it's being mandated by law. It's like price support programmes.
The last paragraph doesn't make much sense. McDonald's is a business. It's not just going to sit on its surplus cash, because if it does, shareholders will demand that it be paid out as dividends. They will either invest, distribute, or spend it.