Is raising minimum wage nationwide a horrible idea?

[prayformojo]

Mr Khan said:

prayformojo said:

Mr Khan said:

prayformojo said:
It only works if there are laws in place to stop inflation. Being that this is the US, all we're going to see is $7.00 gallons of milk at the store. Living wages go up, costs go up. Companies don't want to lose their profits.

Again, is there any proof that this will occur in quantities sufficient to offset the gains?

When has this NOT occured in this country? When I was a kid, min wage was $4.XX and the price of a pack of cigarettes was $1.45. Inflation is real lol

Not remotely what i'm asking. I'm asking if this inflation is tied to the minimum wage hike.

Cigarettes are also a bad example, because they've increased in price faster than inflation due to sin tax hikes.

Yeah, I suppose you're right. And no, I can't provid the hard evidence you're asking for other than observational. Everytime the national MW has gone up, commodoties have also gone up shortly before or after so, I assume it'll happen again.