When prices go up it hurts the middle class and the poor the most. According to Heritage research, most fast food restaurants currently earn a 3% profit before taxes equaling on average about $27,000 per location. It is a myth that fast food restaurants can absorb the wage hikes. The end results of the hike turn into a complex list of losses depending on what you are looking at. Food prices go up, business falls, and the ugly cycle of cascading losses begins including things like labor automation and fewer entry level jobs..
The Heritage Foundation's research attached might come in handy with your minimum wage debates.
This is what we are being told and some fairly intelligent people are parroting what they hear from li...
This is what we are being told and some fairly intelligent people are parroting what they hear from li...