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Dennis Hackethal addressed criticism #6118.
#6118·Dennis HackethalOP, 2 days ago·AI-assistedEmployers who can’t afford the higher wage have to let some workers go
Employers could pay for the higher wage by cutting executive pay instead of jobs. Many companies pay their CEOs millions, so the money to pay workers more is there, and laying workers off is a choice, not a necessity.
so the money to pay workers more is there
Even if this argument were true, it doesn’t address the vast majority of businesses struggling to get by. The owners of mom-and-pop shops don’t make millions. Many businesses in affected industries (retail, restaurants) have razor-thin margins.