Debunking the Heritage Foundation’s Brand Brand New Minimal Wage Urban Myths One At A Time
The Heritage Foundation circulated a brand new problem brief this week: “Higher Fast-Food Wages: greater take out Prices”. Author James Sherk claims that if the minimum wage into the fast-food industry had been to boost to $15 an hour or so, “the normal fast-food restaurant would need to raise costs by almost two-fifths … causing product product sales to visit significantly more than one-third, and profits to fall by in excess of three-quarters.”
Although the Heritage Foundation tries to provide a mathematically and logically proper depiction regarding the aftermath of the minimum-wage enhance, they neglect to acknowledge one basically crucial reality: the rise may be gradual, occurring over a length of years. Continue reading “Workplace Fairness. 12 victories that are recent employees in Raising Wages and Collective Bargaining”