As a local business owner, at what point would you consider raising the hourly wages? I think it's a tough price-discovery exercise for business owners because

As a local business owner, at what point would you consider raising the hourly wages? I think it's a tough price-discovery exercise for business owners because you don't necessarily have workers proactively giving you their asking price; you're having to place bids and then wait N days to figure out whether the bid was sufficient (or not). Then there's also the decision of whether to pass those costs downstream to your customers.