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Comment by hdnfofbrbt | Hacker News Reader

No no and no.

Companies will find a way to make things work even if labour costs more. Every company and neo liberal says that same thing about regulation, employee wages, tax increases .... Funnily enough when those same regulations/wage increases/taxes come in they do not leave the market ... Strange.

Edit: clarity

Companies can and will adapt.

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> Companies will find a way to make things work even if labour costs more.

The way is to move / outsource to where it costs less. There is a reason that iPhones are mostly made in China.

> There is a reason that iPhones are mostly made in China.

If they were made in the US and cost $2000 instead of $1000 people would still buy them.

They do leave the market. Where did you get that idea from? My parents have extreme difficulty travelling now because they have a dog, but their local dog kennels have been closing down. When the last one went my mother talked to the owner. He said the rise in minimum wage was killing the business. People were willing to work there for lower than the new minimum because they love dogs basically, but customers weren't able to pay the new higher prices. So he had to fold and was quite bitter about it because the government had basically killed his business that he'd spent years building, in the name of "fairness". So all the workers lost their jobs and of course there's a knock on effect on the wider economy because that particular service made it easier to do leisure spending.

But socialists never think about this stuff. They just pretend there are no downsides to central control of prices.

Agree with your post but sort of offtopic:

We have the same problem, "dog hotels" are too expensive. We just pay someone to come to our house a few times a day. A kid we know in the neighborhood, don't tell the government but they charge less than minimum wage! shock

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