Study: Increasing minimum wage does not reduce jobs

fukhueson@lemmy.world to News@lemmy.world – 916 points –
Study: Increasing minimum wage does not reduce jobs
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Right. The problem is, CEOs maintain that as “responsibility to their shareholders” to ensure their Q4 earnings reports prove continuous growth. So prices will inevitably increase, or overhead will be reduced to maintain those margins.

Profits can go down slightly as long as it's expected. The stock market is weird and the thing nobody likes is unexpected falling numbers. Stocks can maintain or even increase in value if the report matches the predictions and expectations. Even if that prediction is a slight lowering in profits.

Because people make money on businesses doing poorly as well by short selling

Well that's a different case. That's when the stock price goes down. Not necessarily when profits go down.

The price of progress is oppression, and the outcome of progress is that those who oppress get to enrich their own descendants so they can continue to oppress.

The price of progress is not oppression as oppression is the opposite of progress.

You are confusing corporate profit with progress.

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