We hear this debate all the time,but nobody ever seems to absorb an actual conclusive respond what would happen to these businesses if it happened. Everybody's answers always seem indistinct or over generalizing - some say workers would absorb to be fired, others say prices would absorb to go up for consumers, or others say CEOs would just absorb to lift a profit cut. I know McDonalds is a franchise though,and it isn't really the same as a company like WalMart...
What would actually happen to them at $15 minimum wage? submitted by sumnewdguy to explainlikeimfive[link][4166 comments]
Source: reddit.com