"If we are spending this much time on these kinds of things, it would be better spent trying to solve the root cause of this issue." Today, Leila (@LeilaHormozi) talks about the looming minimum wage increase and its potential impact on businesses. She breaks down the arguments for and against the increase, and offers suggestions for how businesses can adapt to the changing landscape.
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Timestamps:
(1:35) - Minimum wage increase raises employee salaries.
(2:25) - Arguments for higher minimum wages: cost of living.
(3:59) - Negative effects: layoffs, investment in technology, skilled workers.
(7:29) - Predicted outcomes: higher prices, technology investment, outsourcing.
(11:20) - Higher minimum wage laws may not have long-term impact.
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