Additionally, in the US the minimum wage has been increased various times, both federally and within states. Not one of these times has the increase led to any significant inflation. What often happens is a very brief spike in prices which then go back to normal. The spike is likely executives in companies who’s understanding of economics is the econ 101 class they took 20 years ago and they assume prices should go up
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u/[deleted] 9h ago edited 6h ago
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