I think that ignores, in a holistic sense, the effect of increased consumer spending, health benefits/better health outcomes, tax revenue etc. If people are bu

I think that ignores, in a holistic sense, the effect of increased consumer spending, health benefits/better health outcomes, tax revenue etc. If people are buying more because of wage increases, what is the macroeconomic effect? If people have better health care and take less sick days, what is the effect? If the government has more revenue to spend on programs to benefit people like public transit, job training, drug treatment, what is the effect? Also worth it to a look at this paper, that shows that there aren't less jobs when you raise minimum wage. https://www.sole-jole.org/17722.pdf https://www.sole-jole.org/17722.pdf Also CEO income (an exec compensation in general) has risen dramatically over the past 20 years while regular wage growth has been anemic. Are CEOs dramatically more productive, and workers barely so? That seems illogical, much more likely that the executives are capturing the value of their workers increased productivity. A company doesn't have to raise costs to consumers, it can always cut executive compensation. https://www.vox.com/policy-and-politics/2018/8/16/17693198/ceo-pay-gap-income-inequality https://www.vox.com/policy-and-politics/2018/8/16/17693198/c...