Is Fox news unironically the best place to learn about your new favorite social dem?

you are viewing a single comment's thread
view the rest of the comments
[–] 16 points 1 year ago (1 child)

We find that a 10% minimum wage hike translates into a 0.36% increase in the prices of grocery products. This magnitude is consistent with a full pass-through of cost increases into consumer prices.

  • source
  • parent
  • hideshow 1 child comment
  • Yeah, but note that if the supermarket pays its employees 25% more, that does not mean that the costs for the supermarket rise by 25% overall, since wages are only a small part of total expenses. The cost of products would rise way less than 25%.

  • source
  • parent