Quote:
Originally Posted by FlamesAddiction
The only thing that seems to change are major chains benefiting at the expense of small business every time these purges happen and industries see hiccups, which just makes the capitalist pyramid that much more pronounced.
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Come on. If that were true, Walmart would be for increasing the minimum wage, not against it.
Look, you're right that input costs have their own labour costs and those get affected to. But the whole cause of inflation isn't that the minimum wage goes up and then the price of goods goes up equally (it doesn't, labour isn't the only input) and then the minimum wage goes up again. In fact, inflation is generally controlled by monetary policy.