SLCTrojan Junior Member Joined: Aug 24, 2017 Messages: 358 Likes Received: 376 Mar 4, 2021 #81 Oh, you're missing it, Deuce. It's not $1 more at Walmart. It's $1 more everywhere that has minimum wage employees in their supply chain. And everywhere that has near-minimum wage employees (ripple effect, which I deal with every day). And eventually, everywhere that has employees. A strong case can be made that an entire economy inflates to the level of its prevailing entry-level wage (whether legislated or not) - which means you'll pay more for everything. Then you're saying you're willing to pay more for real estate, because real estate absolutely inflates to the level of wages in the area. And entry level real-estate compression leads quickly to increases throughout the real estate market. Then you're saying you're willing to see the threshold for entry-level increase, leaving more people on the dole. Which means higher taxes (or higher borrowing, which just means higher taxes tomorrow). And at the end of it all, the prices for everything have increased, so even the minimum wage earner's buying power has eroded, possibly back to the level of their lower wage. More dollars, but no higher standard of living. And, if you read a lot of the articles about the higher minimum wage, they mention "justice", which means that this is only, at best, partially about increasing wages for entry level employees. It's more about eroding wages - and wealth - for higher level employees, thus decreasing income inequality by making sure that a lowering tide drops all ships. Or at least the right ships. Simplifying the argument to just paying a buck more at Walmart short circuits the argument, but it doesn't answer it. -SLC DaFireMedic, reTiredEngr, fansincemckay and 1 other person like this.