Are you suggesting consumer spending has no effect on prices? It does. The initial price increase would be small and would go down over time.
No..I'm talking about inflation.
are you suggesting that increasing the minimum wage isn't inflationary?
Here's how the real world works, little marxist....a company, if forced to pay people more, will raise prices to cover their loss.
So you get a dollar more salary...everything else goes up $1.05
People who have house notes and cars and jobs understand these basic economic facts...
Do you live with your parents still?