Price increases could be offset by a number of adjustments to other inputs to COGS. Reducing CEO pay, nationalizing health care (so it's no longer an employer c

Price increases could be offset by a number of adjustments to other inputs to COGS. Reducing CEO pay, nationalizing health care (so it's no longer an employer cost), price controls on material inputs, reducing profit margins, increasing production efficiency, etc. Yes, wages are a cost. But raising wages aren't a guarantee of price increases.