I believe that most Americans believe that it's an economic law that if wages increase it _will_ result in wage price inflation. Inflation just means you get l

I believe that most Americans believe that it's an economic law that if wages increase it _will_ result in wage price inflation. Inflation just means you get less stuff per dollar in the store Wage price inflation means the excess labor cost(wages) is added to the price of goods, resulting in increased wages, resulting in increased prices over and over until bread costs 1 billion dollars. This is an absurd proposition when you could just reduce profit margins. The problem is that capitalists don't want to. Why should they! What should happen is that we should allow wage price inflation forcing companies to lower profit margins after a very short recession, then quality of life would increase for the working majority.