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Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous]“Two researchers have estimated that a 10% minimum wage increase leads to a 1.4% increase in the price of a Big Mac. On average, Big Macs cost $5.66 in the U.S., according to The Economist’s Big Mac Index. Because consumers did not significantly cut back on Big Macs as a result of price increases, company-owned locations did not need to lay off employees or shut down entirely, the study found.” https://on.mktw.net/2YsDSTy?fbclid=IwAR1gPnsZOyvgtVQEP4a4sXmUdiFAm_ISHjdT0d-cVGTXey5z4eZMeGfmREE%2Baem_Ae8cZ89sCoRYOK_z6Zy1nxjHr_8rAm_NJVFLt3YUI95QgkdfTnoG_WCuL70cZe6A2mo1htQVBF83O4CMp119rt76b4Wwzd7U2IQ21geJ_ItnHg[/quote]
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