California’s Fast-Food Minimum Wage Hike Didn’t Cut Jobs or Raise Prices Significantly, Study Reports - eviltoast
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  • don@lemm.ee
    31·
    1 month ago

    B-b-b-but the armchair common sense economists swore it would! And they use “anyone can see” logic!

    • Saledovil@sh.itjust.works
      1·
      1 month ago

      Well, given time, prices will move to where the businesses make the most profit. If relationship between price and demand is linear, then an increase in expenses will move the ideal price point by half as much.