Quote:
Originally posted by taxwonk
The jobs would be economically viable at a market-clearing wage or the businesses would shut down. What that means is that you would see less mom & pop taquerias and the McDonalds franchisees would have to buy a new Cadillac or Lexus every five years instead of every three years.
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The unions also figured they could make a buck by restricting labor supply to increase wages. That worked.
