There are plenty of countries that have higher minimum wages than the US and don't experience greater inflation. One reason is that the money for these higher w

There are plenty of countries that have higher minimum wages than the US and don't experience greater inflation. One reason is that the money for these higher wages comes not from higher prices, but from executive and investor compensation. If workers have more leverage and companies compete in a competitive market then prices can stay low by cutting fat from above to feed those below. That higher wages == inflation is a self serving argument that only gets rolled out when those wages are blue collar wages. You don't see it applied to the ridiculous amounts of money the managerial and investor classes earn. The 50's and 60's saw modest inflation and rapid wage increases. Workers had more leverage and the US wasn't nearly as unequal.