Biden Wants 15/Hour Min Wage

[GMDino]

(01-22-2021, 09:22 AM)NATI BENGALS Wrote: I would think prices would go up due to the simple supply and demand curve. I don’t see why the supply would change, but more people with more money would increase the demand which results in a higher price. At least with my simple Econ 101 concept

Yeah I'm not major student of it but I don't remember prices holding steady for the last ten years plus while PA's minimum wage remained the same.  Seems prices go up, profits increase and people still get paid the same wages as the 1990's.