I mean I watched this in the news , but if the city wants to raise the subway fare for the train or the tolls on the bridges that happen in the blink of an eye. That is never in danger. No break for regular people all benefits for corporations. What do you think?
Keeping trains (subway) running and toll bridges require money. The corporations that owns these facilities and premises have every right to raise fare. These corporations need to make a profit in order to survive every year. Corporations are not form to give hand outs to people, they are form to be successful and that means increasing cost for commuters. You use the word "danger" to loosely, why would it be a danger for the corporations to raise the fare? You will find most people rather take public transport than drive as they do not owe their own vehicle and driving their car if they have one, cost more to maintain that taking public transport..... The things that annoys the hell out of me is people's sense of entitlement, who demand hand out and things given to them for free from the government or corporations because they are disadvantage!! How about the people who are working, have no kids and have to pay higher tax and these working people get nothing when it comes to discount. Hard working people who go to work every day because they have too and do not want to sponge off the government why aren't they looked after!!! (there, good to get the rant off my chest).
Minimum wage is a "danger" because of its effects in the labour markets. Minimum wage is also a floor price, which is a regulation that makes it illegal to trade lower than the set price. Every market has its equilibrium wage. What's that? The equilibrium is quantity of labour and the wage rate of labour that is most efficient and generates a maximized outcome and use of labour. Now, if minimum wage was set below this equilibrium, it would have no effect on the labour market, the labour market would simply continue to operate at equilibrium. However, if minimum wage is set above equilibrium many problems will arise. With the higher minimum wage, there will be a surplus in the supply of labour! Meaning, more people will want to work. However, at the same time, there will be a decrease in the demand of labour. This means that companies, because of the higher cost in hiring an employee, will want to higher less employees. Less work is being offered to people willing to work. With this, minimum wage can increase unemployment and minimum wage forces that the labour employed be less than the efficient amount.
As well, the raise in the price of tolls and fares is no simple choice either and has ramifications on its customers as well as the city.