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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » "$15/hr will kill small b... » Reply #33

Response to SlogginThroughIt (Original post)

Fri Feb 26, 2021, 10:59 AM

33. The cost of labor is built into the price of every product or service in which you buy

I don't see how raising the cost of the labor is going to drive small business out of business unless it only applies to them. They will just need to raise the price of their goods or services to offset whatever cost increased they incurred.

I guess you could make the argument that large companies are probably better able to control price increases because of economies of scale and better rate from suppliers so that same increase in labor will be less noticeable but that is an issue for small business regardless of a minimum wage increase or not.

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SlogginThroughIt Feb 2021 OP
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LineReply The cost of labor is built into the price of every product or service in which you buy
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