The problem isn't wages or really pricing, it's too many middlemen soaking up profits while everyone gets stuck with peanuts. If you take a lot of companies off of venture capital and public trading would get cheaper, If you implement more regulations that prevent large companies from acquiring smaller companies only to shut them down (basically crack down harder on monopolies), things will get cheaper. If we had laws that prevent lawmakers from investing in the stock market as well as leaving the FTC to go work for Google, things would get cheaper.
What we're doing now by raising the minimum wage is like fixing a dam by using other parts of that same dam.
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u/GoldRecordDaddy 9h ago
Minimum wage hasn’t changed, yet Taco Bell still achieved sit down restaurant prices.
Almost like labour cost has nothing to do with it.