CA
Consider the reverse. Say instead of increasing the minumum wage. We approached Mcdonalds with a fresh batch of laborers who are willing to work at half the current minumum wage (PRetend that for whatever reason this is all legal) therby dropping th cost
Do you think Mcdonalds would say “no thank you, if we drop the cost that will just drop the price so we dont gain anything” Or would they jump at the oppurtunity to produce the same burger charge the same amount and make more profit?