> I'm not convinced on your latter point because market forces typically act before minimum wage If there were a long term inflationary effect, then industries

> I'm not convinced on your latter point because market forces typically act before minimum wage If there were a long term inflationary effect, then industries particularly sensitive to minimum wage costs should have significantly higher prices in Australia compared to the US. That doesn’t appear to be the case; perhaps they absorb the additional costs in the profit margin. It can’t have no effect, but it’s clearly not as simple as you were implying.