| prayformojo said:
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. |
Commodity prices are always increasing, with or without minimum wage hikes.
Minimum wages do cause market distortions, but let's not get it twisted here, the main culprit behind ever-higher prices in the supermarkets is monetary inflation. It's not just a side-effect, but one of the stated policies of the Federal Reserve (/Bank of England/European Central Bank/All the others).
Eliminating/increasing exemptions from/reducing minimum wage will help employment figures, and long-term incomes, it's effects on prices will be minimal if anything.
