Sep 22, 2016
8:39:32am
8:39:32am
Labor costs are small compared to rents and other costs
If the rise in wages for low income households gives a large increase in disposable income, the small businesses mentioned in the article will have more customers.
If they aren't making much money before or after a change in labor costs, the invisible hand will force them to close.
If they aren't making much money before or after a change in labor costs, the invisible hand will force them to close.
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- Sumguy
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