TL;DR; You can raise minimum wage quite a bit, but prices only go up a tiny bit.
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Primary drivers of price increases continues to be real estate rents and administrative overhead.
I think you forgot pure, unmitigated price gouging.
Record breaking profits during 40 year inflation. It’s glaringly obvious.
Also unending growth and profit seeking, becsuse there is nothing capitalism loathes more than a stable business that isn’t trying to dominate the market.
