Increasing minimum wage will do nothing. If you increase the cost of the workers of a good then the cost of the good increases. The idea that we can raise the m

Increasing minimum wage will do nothing. If you increase the cost of the workers of a good then the cost of the good increases. The idea that we can raise the minimum wage without inflating will never happen, companies are not just going to absorb the costs of increased wages, they will increase their prices to compensate. So the net effect of raising the minimum wage is nothing.