When costs go up, they tend to get passed on-- Especially when everyone is subjected to the same cost increases. An example: Look at what happens to restaraunt

When costs go up, they tend to get passed on-- Especially when everyone is subjected to the same cost increases. An example: Look at what happens to restaraunt prices when the minimum wage is increased. (I'm not endorsing that we should not raise the minimum wage, I'm just using it as a substitute for a land value tax as both will be applied uniformly).