You know, in the post you partially quoted I said that businesses may try to raise prices but will fail in the face of lower priced competition.
Businesses may try to pass on higher costs but, as has been demonstrated so many times in the airline industry, unless everyone raises their prices, no one can.
Since everyone's cost increases, everyone has to raise their prices.
And the customer response is????
C'mon! It's on the tip of your tongue!!!!!!!
Oh! too late.
The customers take their dollars elsewhere.
GEEZ! No wonder you people think lowering revenues increases revenues.
Hey, genius. What part of the word "everyone" confused you? What makes you think your policy is going to leave any "elsewhere" for them to go? You think if asinine minimum wage increases that increase operating costs and prices at McDonald's aren't also going to raise the operating costs and prices at Burger King and Wendy's?
Geez! No wonder you dimwits keep advocating economic policies that have nothing to do with actual economics.
And yet another cheeto sucker display their total ignorance of how business and the economy actually work.
Not to worry little one. I'm sure your welfare check is on the way.
And yet another leftist thinking their ability to say, "Oh, you just like Trump, so you obviously don't know as much as I do" absolves them from any need to prove that they know shit.
It is a low bar. Have you actually met any Trump voters?
While it's sort of (-: off topic, imo Trump's insurrection changed things. There were things Trump did that I could support, and I'd actually supported a three trillion stimulus back in 16, although Rubio (and I think Cruz) initially wanted to aim it at wage earners to increase demand for products rather than products at lower costs, as the Mitch and Don Show did. Don't ask me why Don then started trade wars over cheap goods produced by mulitnationals owned by the same people to whom he gave the 3 trillion tax cut, Plus a corporate tax cut. That was stupid, and that's why the tax cut actually reduced govt revenue more than it increased tax collections from increased econ activity.
After you try to kill congress people and the VP, I think support has to wane …. or the Trumptard is worse than dumb.
As for the topic, there's nothing economically wrong is trying to stimulate the economy, in part, with upping federal worker wages. What may be economically wrong is the federal govt decreeing private employers offering jobs at the absolute bottom of the skill scale have to basically double the wage in low cost of living states. And raising the federal min wage, imo, is aimed at raising the entire wage scale. We're already talking about giving each of the low skill and federal workers $3400 in stimulus even if they didn't lose a job. And don't get me wrong, I'm all for UI and extended UI. It's helped my family.