this post was submitted on 28 Jun 2023
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Ribbits
That's not how that works. If you increase minimum wage you increase living costs
While I agree with the premise that minimum wage increases raise living costs... If the tips are already increases wages, I fail to see how tipped low wages are not effectively the same as untipped higher wages.
Tips don't go though the corporate finances usually
What does that have to do with anything? Minimum wage increases tends to lead to people having more disposable income... which leads to companies and the like charging more for services because the market can now bare it.
What does corporate finances have to do with a person making their low wages + tips vs just an up front higher wage to get to a higher minimum wage?
Because raising minimum wage causes inflation because companies have more overhead
Ribbits