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If minimun wage was mandated to be $15/hr, would that

Posted on: July 26, 2016 at 13:08:06 CT
hefeweizen MU
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not force companies to increase the price of their goods and services to accommodate for their increased labor costs which would then render the increase in minimum wage ineffective or force them to decrease their payroll by laying off or using more automation which would displace workers? If not, please explain.

Edited by hefeweizen at 13:09:45 on 07/26/16
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If minimun wage was mandated to be $15/hr, would that - hefeweizen MU - 7/26 13:08:06
     In some cases.. - AWOLTiger KC - 7/26 13:15:34
     correct - FootballRefugee MU - 7/26 13:15:14
     RE: If minimun wage was mandated to be $15/hr, would that - cooter KC - 7/26 13:11:42
          ok, so this is all about fairness? How far does one take - hefeweizen MU - 7/26 13:12:47
     I've always heard the argument as... - AlleyCat KC - 7/26 13:10:22
          that or raise prices seems like a logical conclusion(nm) - hefeweizen MU - 7/26 13:11:57
               And sorry, I didn't realize this was a reply to AlleyCat - Cosmo MU - 7/26 13:17:06
               I can't raise prices, I will go out of business - Cosmo MU - 7/26 13:12:52
                    So, in your case, it would cause higher unemployment?(nm) - hefeweizen MU - 7/26 13:13:43
                         Correct - Cosmo MU - 7/26 13:16:12
     If that happens in IL, I will let go of several workers - Cosmo MU - 7/26 13:10:13
          Why would you own a business in Illinois? - Hbombtiger STL - 7/26 13:12:18
     ---------------------------> (nm) - kmawv8 MU - 7/26 13:08:47




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