Raising consumer prices because of increased minimum wage is a myth. Even fucking Henry Ford of all people knew the benefits of raising wages! More wages means more people buying his cars! More wages means more consumer spending! And it is not like raising minimum wage is what drove prices to increase since the pandemic; even though the minimum wage has been stagnant since the 1970s! Businesses will tell you that they have to increase their price because of “inflation” despite having record profits!
Raising consumer prices because of increased minimum wage is a myth. Even fucking Henry Ford of all people knew the benefits of raising wages! More wages means more people buying his cars! More wages means more consumer spending! And it is not like raising minimum wage is what drove prices to increase since the pandemic; even though the minimum wage has been stagnant since the 1970s! Businesses will tell you that they have to increase their price because of “inflation” despite having record profits!