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Political Discussion
Reply to "Help me understand the impact of a $15 minimum wage? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“This does not change the fact that the economic value of the carwashing labor is worth less than $15.” Really? What would you say if I suggested that consumer prices are being subsidized by underpaid labor, and that people actually are willing and able to pay much more than they do for things? Hmmm.[/quote] I already pay $23 for a full service car wash, as far as I'm concerned that's too much.[/quote] so wash your own car[/quote] Or do it less often.[/quote] Or more than likely just do it as often as you did before and absorb the extra couple bucks without noticing. I don’t know the relative elasticity of demand for car washes vs cheeseburgers vs daycare but, I do know I’m probably getting more than a good deal on a lot of things. [/quote]
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