> “If a $15 min wage was imposed in other parts of the market such as retail, who would care if WalMart was unfairly benefiting from it and would there be suggestions that regulation should be using a more complex metric so smaller retailers would be allowed to dodge the min wage requirement somewhat?”
Yes! In fact, in NYC there is already a huge backlash against the minimum wage increase stating that it unfairly hurts small businesses (who are forced to fire people and/or cut benefits since they cannot meet basic operating revenue requirements if they keep the same amount of staff and also have to pay them the higher wage).
Many proposals have been suggested that there should be offsetting tax breaks given to small businesses because the minimum wage unfairly hurts them more than larger chains.
A theme I see in all of your replies is something like “just do X” where X is enforcing a minimum wage or incentivizing rideshare utilization.
But it is way, way more complicated than that. If you “just raise the minimum wage” it can actually turn out to hurt workers overall, if the resulting price increases passed on to consumers cause demand to drop, or if businesses have to fire some workers and require overtime from a smaller staff, etc.
It’s the same with rideshare policies and many other things. If you “just do X” without understanding the economic ripple effects of X, you might end up hurting the very people that X was supposed to help.
Yes! In fact, in NYC there is already a huge backlash against the minimum wage increase stating that it unfairly hurts small businesses (who are forced to fire people and/or cut benefits since they cannot meet basic operating revenue requirements if they keep the same amount of staff and also have to pay them the higher wage).
Many proposals have been suggested that there should be offsetting tax breaks given to small businesses because the minimum wage unfairly hurts them more than larger chains.
A theme I see in all of your replies is something like “just do X” where X is enforcing a minimum wage or incentivizing rideshare utilization.
But it is way, way more complicated than that. If you “just raise the minimum wage” it can actually turn out to hurt workers overall, if the resulting price increases passed on to consumers cause demand to drop, or if businesses have to fire some workers and require overtime from a smaller staff, etc.
It’s the same with rideshare policies and many other things. If you “just do X” without understanding the economic ripple effects of X, you might end up hurting the very people that X was supposed to help.