Living wage

[FatAndFaithless]

On the surface this seems like a valid point.

Depending on the company, you will have different results. However in general, we are talking about companies both large and small that have kept wages below the Consumer Price Index. Meaning that they are in no way sharing their profits proportionate to wages.

Labor cost's do not cause inflation as one would think. Supply and demand drive inflation. Inflation is measured by CPI so as profits rise so should wages proportionately. Nobody is asking these companies to go out of business, rather we are saying they need to catch up to reality and if that means restructuring their business model so be it, it has been long overdue if this is the case.

Like I said, I have very little economic knowledge so I can't reply specifically to anything you've brought up, I just thought the conservative position was a teeeeny bit more complex than 'all wage increases are bad for every company' (though I'm aware the rhetoric of the Right's more popular 'leaders' might make it seem that way). From what you're saying though, it depends on the business, so some smaller businesses might indeed experience trouble with a minimum wage that is raised to match something that a company like Ikea could survive?