In practice, minimum wage hikes may not be a good thing for everyone in this group. And that’s one of the ugly truths about minimum wage hikes. Another way companies respond to minimum wage hikes is to scale down businesses that are no longer profitable at the new wages. And that’s the other ugly truth about minimum wage hikes. To be fair, even without minimum wage hikes, self-checkout counters would have eventually made their way to stores anyway, as technology improved.

Source: Forbes January 13, 2018 19:49 UTC