How it feels talking to my center-right friends and family members.
If the price of goods go up with wages, isn’t that just a one step forward, one step back scenario?
Nope! A 10% increase in the minimum wage only translates to a 0.36% increase in prices if it translates to an increase in prices at all.
https://www.epi.org/publication/minimum-wage-testimony-feb-2019/
On February 7, 2019, EPI economist Ben Zipperer testified before the U.S. House of Representatives Committee on Education and Labor in suppo
https://www.upjohn.org/research-highlights/does-increasing-minimum-wage-lead-higher-prices
This working paper shows by using monthly price series that the pass-through effect is entirely concentrated on the month that the minimum w






















