10 years ago
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When the Minimum Wage Goes Up, the Menu Price Also Rises
Supporters of a higher minimum wage applauded Gap’s (GAP) decision last week to increase hourly pay. While Lynn Albright, vice president of the company’s Old Navy brand, told CNN that higher prices won’t be needed if costs can be lowered by, for instance, reducing staff turnover, the effects of such decisions often trickle down to customers.
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God forbid losing some profits.
"God forbid" even higher unemployment, and higher prices,.........