increasing the minimum wage might mean that certain types of businesses will become worse off due to the changes in people's spending patterns sure

but it also means others can become better off

i mean personally i'm not the biggest fan of the minimum wage but i think the typical critiques lobbed at it are absolute garbage and usually stem from a deep ignorance of economics

If enough businesses raise their prices to offset the additional cost of labor, then there won't be much of a positive effect for the people making a higher minimum wage, because the cost of living has also gone up. So in the end, what's the point?

On the other hand, getting rid of the minimum wage will allow smaller businesses to employ willing people at a lower rate, thus increasing overall production

I think it's a valid example.Raising the prices doesn't mean they will sell the same ammount of bread

People will buy it elsewhere for cheaper

unless prices rise everywhere

which is what i was talking about

Prices wouldn't rise everywhere

It would hurt the baker more than it would the supermarket

raising minimum wage would raise costs for all employers

sure, bigger businesses would be better off, at least in the short term

This is happens a lot though. It's difficult to compete with supermarkets and has put thousasands of small businesses out of business

This is why I always argue that regulations typically favour corporations

true

and it's usually because of corporations that the regulation has been made

yup

this is why we call it corporatism

I still don't understand why the left supports the NHS and is against profits

who wouldn't take a small hit to revenue, or whatever, if it means taking competition out of the game

because the left is retarded?

Do they not realise you can only tax a profit

taxes fund the NHS

if profits increase so does revenue

the left don't understand that sort of thing, they have a vision of how things ought to be, and leave reality at the door.

https://twitter.com/i/moments/987611132838924289

Sure that was real

I hate it when people use small children for this shit

I believe a 7 year old kid did a walkout on her own because she believes in gun control

Absolutely

And that she also can type a twitter caption with perfect spelling and punctuation

"I would love to come over and play Timmy, but I'm too busy fighting the patriarchy with my mom."

it reminds me of that Syrian girl too, just blatant propaganda

what syrian girl

raising prices isn't the only way to offset the additional cost of labor

he's talking about bana alabed i think

https://www.youtube.com/watch?v=7RsyJbYzceE this video is fucking great

yeah that's who I was talking about

you can raise profits

This is why we had large scale redundancy in britain because firms werent competitive enough