Should the government raise the federal minimum wage?
No, this will only cause prices to increase in a never ending cycle
Raising the minimum wage doesn't cause a never-ending price increase cycle because the costs are typically absorbed through increased productivity, reduced employee turnover, and slight adjustments in profit margins. Real-world examples, like Seattle's wage increase, show modest price impacts and broader economic benefits, such as greater spending power and reduced reliance on public assistance. These effects create a net positive for workers and the economy without driving unchecked inflation.
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