We keep coming back to exactly this and it has been explained over and over again and yet still, here we are. If you increase the minimum wage you’ve done nothi

We keep coming back to exactly this and it has been explained over and over again and yet still, here we are. If you increase the minimum wage you’ve done nothing. Prices of goods are priced with the cost of the workers and everything else required to get it to the shelf. If you increase the cost of the workers in that chain you increase the cost of goods. So when you increase minimum wage you inflate, but their buying power remains the same.