The profit margin for the grocery store is no more and perhaps a bit less now than it was before the Biden era inflation. What Biden/Harris do not seem to understand that--this is one example only--if you artificially raise wages, business won't just eat the extra expense of labor but their prices will reflect that.
It might not be any significant amount for that one factor but when you add in the inflated costs of labor, energy, maintenance, transportation, raw materials, insurance, escalated crime, and all the other expenses incurred doing business, the higher costs are no longer insignificant. And those costs are reflected in the products we buy.
Common sense economics never figures one factor only in assessing the condition of the economy but all the factors involved including what modified human behavior happens due to different circumstances.
