Company Near Seattle Introduces $70K Minimum Wage

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C(-)ris wrote:
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The other is profit margins. He is now going to run the risk that someone will under cut him in the market. His cost of doing business is artificially high and it would be very easy for a competitor to swoop in and charge less.

from what I understand, his fees will remain the same. if someone wanted to undercut him, they should have done so already.