Is Fox news unironically the best place to learn about your new favorite social dem?
this post was submitted on 25 Jun 2025
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Depends on the company, that's why I am asking. In companies where wages are the main cost (like in many restaurants) raining the wages will raise the total costs. Which can mean they will go into the negative if the prices aren't increasing as well. I have seen a fair amount of administrations/annual reports of restaurants. And it was pretty common to spend at least as much on food as on the personel costs (wages, social security, pension, etc.)
30$ is a lot compared to the minimum wage 14,40€ (16,84$) we have in NL. Which is why I am asking what the impact of it would be in the US of such an increase.
(Yes it will not matter for MacDonalds, Burger King or any other big chains)