Tuesday, August 04, 2015

Method Two

I often verify my logic by using a second method for calculating outcomes, so I did that in figuring the impact of a 107% increase on wages, using total costs rather than unit costs.
wage calculation
The blue numbers at the bottom of the first column are arrived at from the table provided by the D&T accounting firm. The red numbers are calculated based on actual numbers arrived at from the Reality & Sanity accounting firm located in my residence. It is by no means surprising that this method also arrived at a 42% price increase.

I'm not saying I oppose raising the minimnum wage to $15, but let's be honest about the effects of doing so.

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