re: #77 Gus

Everytime you raise the cost of running a business you wind up raising the cost of good. It’s adjusted. Democrats want you to believe that you can raise the minimum wage and it won’t have an affect down the line. That’s simply not the case. Your boss won’t sell his house to pay you more. Your boss will simply raise the cost of his goods and services. Which means the people for whom you’ve raised their wages will have to pay more for those same good and services. Net gain? Zero.

The cost of goods is determined by what the market will bear, your analysis like all supply side analysis of the minimum wage, ignores demand and competition. Just because people want to maximize profits doesn’t mean they always can by increasing prices. We’ve gotten so used to the growing disparity between the top and bottom that we construct false narratives about owners having to sell houses, as if they might actually go homeless rather than live on what was historically more than enough.