Watching the debate raging about raising the minimum wage comes - TopicsExpress

Watching the debate raging about raising the minimum wage comes directly back to my point about watching profit margins - not revenue-from-sales. The fact is that it is perfectly possible to pay staff more than minimum wage ... and benefits. But the public has to accept that they may be paying more for your products and services. In the case of one restaurant that raised the minimum wage to $15/hour they finally admitted that in order to do so they had to hike their prices by 18%. Its all about margins ... they aint what they used to be.

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