How a $15 minimum wage led to a $16 BLT
January 9, 2024
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10:37Now PlayingHow a $15 minimum wage led to a $16 BLT
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as posted by the channelIs $16 a ridiculous price to pay for a BLT sandwich? In today's crazy market, maybe not. Entrepreneur Brian Will believes it all traces back to the $15 minimum wage craze. Progressives promised that the increase would help people afford the basics of life. But in reality, it has just driven up prices, especially for small businesses. Brian Will joins Glenn to explain how this, plus the effects of the COVID-19 pandemic and other economic issues have driven up the price of everything from rent to insurance. Now, he tells Glenn that his restaurants have to sell 93,000 sandwiches just to break even and he reveals the shockingly small profit that the restaurants make on every $16 BLT.
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