- Joined
- Jun 29, 2011
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I don't understand how all products would go up in price all of a sudden if minimum wage went up. The point of capitalism is to have competition. If one business spiked the price on its products and used wages as an excuse then other companies will willingly sell their products cheaper so they can sell more. I just don't believe in these fear tactics that the rich love to use to keep the little man down.
Unless those companies all owned by the same people or network of people. But price competition should be happening even now. But I have not noticed it.