I am not defending the NY move by any means, but the article does engage in a bit of static analysis.
If low-wage workers are making more money, they WILL spend more of it on fast food. (it’s kind of a target market for fast food actually). So sales will increase.
The old Henry Ford-Model T thing again.
On balance I’m sure the restaurant still loses.
>If low-wage workers are making more money, they WILL spend more of it on fast food. (it’s kind of a target market for fast food actually). So sales will increase.
The old Henry Ford-Model T thing again.
>>
IIRC, H. Ford paid his workers enough that they COULD buy the product they were making (his own volition. Presumes he had enough ‘wiggle room’ to do so AND still make a profit/stay in biz).
I DON’T recall Mr. Ford having to raise his selling point to do the same (IE: catch-22, no?).