That free market thing sure hates liberals, doesn’t it?
I don’t know what you expect when it comes to economics. Labor costs are an important part of the bottom line.
Yes, labor costs are the biggest cost of doing business in many businesses.
People don’t realize that when you run a business, simply paying your hired help is a huge expense, and may be the biggest expense you have. And that any increase in wages, no matter how it may be justified by liberals, will increase costs of doing business.
Another thing people don’t realize is that many businesses run on very narrow profit margins. So that increases in minimum wages, or any other cost of doing business, leads directly to increases in the price of whatever goods or services the business provides. Most businesses can’t just absorb increases in their costs without raising prices.
And if the market for their product is such that they can’t raise prices to cover increased costs, then they will eventually go out of business.
So many liberals seem not to understand some basic business facts such as I have noted here.