LogFAQs > #949602214

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Topic	If you raise the minimum wage, prices will go up!
Balrog0 01/17/21 12:09:22 PM #50:	Irony posted... A more accurate assessment would be paying anywhere from $0.25 to $2 more on stuff. In reality when grocery shopping people will be paying probably close to $50 to $75 more for groceries than they were before. Your shortsightedness has been noted though. A 10 percent increase in the minimum wage might raise general retail prices by about 0.4 percent. The price mechanism isn't the main channel through which businesses respond to labor cost increases --- Trying to dunk since July 2020 <cite>Balrog0 posted [p:949602214] in If you rai... [t:79244154]...</cite> <quote>Irony posted... </cite> <quote>A more accurate assessment would be paying anywhere from $0.25 to $2 more on stuff. In reality when grocery shopping people will be paying probably close to $50 to $75 more for groceries than they were before. Your shortsightedness has been noted though.</quote> A 10 percent increase in the minimum wage might raise general retail prices by about 0.4 percent. The price mechanism isn't the main channel through which businesses respond to labor cost increases --- Trying to dunk since July 2020</quote> ... Copied to Clipboard!
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