Ok lets compare. Under a stable money supply, the prices of most commodities actually declined over a 130 year period, while wages stayed the same, increasing the purchasing power and the quality of life of everyone.
but since we moved to a fiat system, we have increasing prices on commodities, but wages that only increase by half as much, decreasing the quality of life of everyone.
If you employ 10 people , 8 of which make min wage, 1 makes $2 an hour more, and 1 makes $5 an hour more. What is the outcome when government forces you to pay your min wage folks $2 an hour more per hour? The employer is FORCED to make production changes OR charge more for the product. You don't think the guy he gets his lettuce and tomatoes from had to pay more for each employee too? Where do you think it starts? You think everyone all of a sudden has to pay such an increase ( lets not forget that its not JUST wages that increase, its also 401k Match plans, insurance plans, child support, welfare and other things that also increase with that min wage increase) that this employer and ALL of his suppliers have to pay now won't increase prices?
Every corporation in the USA works on margins, ALL OF THEM. Companies don't just raise prices because they want to, companies would LOVE to LOWER prices, but when costs go up, your prices MUST RISE. Law of economics bub.
I have never seen a corporation raise prices on something just because they think it will make them more money, it never makes them more money, it makes them less. There are substitutes available that cost less and there are substitutes for labor as well. When prices go up, you lose more business than you make up with in increased per-item profit. You don't make more, whomever taught you that was wrong and never ran a business.
Corporations are always looking for ways to make a better product with less inputs to deliver that value to the customer. If smartphones cost $2,000 each, no one would have them. You understand how that works don't you? I mean YOU are the guy who is still roving around town looking for the $1 per loaf of bread aren't you? You never buy the $5 bread do you? Why not? Aren;t you being FORCED to buy that bread by the mean corporation who only made it cost so much just cuz they are greedy.
Same with organic food, they have no right to charge more for their product, their costs couldn't possibly be more because they all use the same ingredients and use the same amount of labor anyways. Right?
