this post was submitted on 07 Feb 2024
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Technology
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How exactly would they absorb the costs? Most of them aren't even turning a profit as it is
Edit: Not sure why the downvotes. I support the ordinance, minimum wages are great. But the cost is obviously going to the customers, where else would it go?
People have this idea that you can bleed money from corps and that corps will magic the money from somewhere other than customers.
I mean, they could, they just won’t. Lower the pay of the higher ups and you’d have more free money magicked up.
They don’t need magic the money out of anywhere, they already have it. They just have to want something other than to exploit whatever they can for profit, which is something they won’t consider.
By decreasing billionaire executive bonuses, of course. You realize apps like Uver give shitty pay to the drivers and keep most of the profits for the execs, don't you?
Repeat after me: They are MIDDLEMEN.