Wage hikes only equal higher prices .. and with a short-term gain of a "fair wage." ... Today's $15/hr will be equivalent to tomorrow's $20-$25/hr ... then it will be the "fair wage" conversation once again.Exactly.
Raise the minimum wage to 15 dollars, and the employees will celebrate their next paycheck.
Then be able to buy only the same amount the next time they shop for food.
Meanwhile, the inflationary pressure of the minimum wage hike will reduce the purchasing power of people on fixed incomes like welfare and social security.
The left's inevitable solution? Another wage hike!