A new report shows minimum wage increases have had little effect on the number of jobs in Maryland and nationwide. While the rhetoric around increasing the minimum wage often comes with the caution it will reduce low-wage employment, a new review of decades of research showed most studies found no job losses after the state or local minimum wage is raised. Ben Zipperer, senior economist for the Economic Policy Institute and the review's co-author, said raising the minimum wage has unquestionably benefited workers. ...
Minimum wage goes up -> Prices go up
The gap between wage and costs isn’t changing.
Not everyone is min wage, so the price increase will never be as high as the wage increase. Unless a products entire supply chain is only min wage workers.
You just blow in from stupid town or what?
What’s actually driving the price increase? Employees or corporate profit?
Suppliers will charge whatever gives them the highest profit, and if their costs go up by x, said optimal pricepoint goes up by x/2, assuming a linear correlation between price and demand.
I also repeat conservative talking points when I have no idea what I’m talking about.
Wait wait, I’m wrong. I’m not an idiot.