Basic breakeven analysis- Increasing fixed costs raises the Breakeven point. Causes either prices to escalate or cuts required to keep the BEP the same.
Ma and Pa Latte Stand owners got this from Day 1. Not sure why it takes a fucking professor to figure this shit out.
"On top of all of that, there is more bad news in the UW study: a drop of 9 to 13 percent in low-wage jobs in the restaurant industry after the minimum wage jumped to $13 an hour."
American Samoa, one of the smallest territories, lost one of the biggest engines of its economy in December when a big tuna cannery closed after being required to pay the federal minimum wage. Moody’s Investors Service then put the territory’s debt under negative outlook, citing its fragile economy.
I think the author was too dumb to realize what little facts like that say about other political positions the paper has taken in the past...
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Basic breakeven analysis- Increasing fixed costs raises the Breakeven point. Causes either prices to escalate or cuts required to keep the BEP the same.
Ma and Pa Latte Stand owners got this from Day 1. Not sure why it takes a fucking professor to figure this shit out.
But Kansas!!!!!!!!
https://www.nytimes.com/2017/06/25/business/dealbook/virgin-islands-debt-payment-pensions.html
American Samoa, one of the smallest territories, lost one of the biggest engines of its economy in December when a big tuna cannery closed after being required to pay the federal minimum wage. Moody’s Investors Service then put the territory’s debt under negative outlook, citing its fragile economy.
I think the author was too dumb to realize what little facts like that say about other political positions the paper has taken in the past...
But still.
HTH