Can’t imagine what a $20 minimum wage would do to fast food and fast casual restaurants in NYC. Uber Eats is about to price me out with the mark-up and fees.
There are lots of rationales for minimum wages, but fundamentally I think it is t raise the incomes of low-wage workers. The sophisticated arguments are basically about the (often quite low) cost of the transfer. Consequently it makes a lot more sense to just raise the EITC.
Can’t imagine what a $20 minimum wage would do to fast food and fast casual restaurants in NYC. Uber Eats is about to price me out with the mark-up and fees.
Maybe it would push down mark-ups/fees. And maybe additional competition would appear.
Interesting article and thank you for the shout-out!
There are lots of rationales for minimum wages, but fundamentally I think it is t raise the incomes of low-wage workers. The sophisticated arguments are basically about the (often quite low) cost of the transfer. Consequently it makes a lot more sense to just raise the EITC.