Price increases without an increase to minimum wage: “That’s just companies charging what the market has decided as a fair price”
Price increases along with an increase to minimum wage: “OMG! GREEDY WORKERS ARE BLEEDING US DRY!”
If we’re going to have a system that’s foundationally built off greed, then a workers “greed” of wanting a wage they can live off of is just as valid as a corporation’s actual greed of wanting to maximize profits, except we should prioritize the “greed” that benefits actual human beings.
OK but what about the price jumps prior when the minimum wage wasn’t a factor?
Price increases without an increase to minimum wage: “That’s just companies charging what the market has decided as a fair price”
Price increases along with an increase to minimum wage: “OMG! GREEDY WORKERS ARE BLEEDING US DRY!”
If we’re going to have a system that’s foundationally built off greed, then a workers “greed” of wanting a wage they can live off of is just as valid as a corporation’s actual greed of wanting to maximize profits, except we should prioritize the “greed” that benefits actual human beings.