Quote:
Originally Posted by woj
you forgot the punchline...
when there is no (or very little) profit to be made, there is no point in starting/running a business... hence the point of the initial post... so result = businesses shutting down...
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The idea in the article was that if a company makes a 22% profit margin they may only make a 19-20% profit margin after paying higher wages.
There would still be profit, just not as much as before.