Sunday, June 11, 2017
Prices stable 1 year after Seattle's increased minimum wage
Yet another example that increased minimum wages stabilize what businesses charge for their wares. There was also price stability for rent and gas. The regressive adage that increased wages increase prices is and always has been wrong. All it really does in let workers share a bit larger piece of the pie that they created with their labor. And it actually reduces employer costs due to retaining workforce. You know, makes things a bit fairer, an atrocious sin to regressives.