this post was submitted on 24 May 2026
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It's not BS, it's just not as direct of an impact as they are implying. If payroll is 10% of their expenses (assuming EVERYONE makes minimum wage) then doubling the minimum wage will increase costs by 10%.
Which could be (partially) absorbed from profits, could cause a 10% price hike... or a 50% price hike and fat bonuses for the executives.
it’s a reminder that capitalists put profit over literally everything else. your cost. your wage. everything.
It could also affect the cost of any other inputs that are labour-heavy.