Yep, completely agree. But notice how this argument is based around the margins. When labor goes up, rents go down and food costs go up slightly. Someone who u

Yep, completely agree. But notice how this argument is based around the margins. When labor goes up, rents go down and food costs go up slightly. Someone who used to just barely be able buy fast-food from McDonalds will suddenly not be able to, and instead be forced to buy more from the grocery store. But there might be two customers that would have otherwise bought food at Five Guys who now buy from McDonalds. You might see a shift from commercial to residential, or you might see a shift to 4+1 mixed. The town might buy the space and put in a park. You might put in a high-rise. Anything could happen based on the situation. Whenever the argument of raising the minimum wage comes up, we always hear these stats that 50% of businesses will go in the black, and we will destroy the economy. It's much more subtle than that. The effect that we see is tiny tiny percentages that are overwhelmed by other factors.