Dear Bernie, as you continue in your never-ending “Fight for $15“, we thought you might benefit from a simple example of how economics work in a real life, functioning, capitalistic society. You see, Bernie, labor, much like your daily serving of crunchy granola, is just another “good” that businesses can choose to consume more or less of, depending on price. And, just to be crystal clear, when the price of labor (i.e. wages) increases, businesses tend to consume less of it. Finally, our dearest Bernie, when misinformed politicians radically disrupt labor markets by setting artificially high base prices, like your proposed $15 federal minimum wage, then businesses simply stop consuming labor completely and instead replace that labor with this “Big Mac ATM Machine.”
Say what?! A Big Mac ATM machine, where you can order real Big Macs, is coming to the Pru/Copley on January 31st.
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