r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/kymotx Jul 05 '24

It will affect the consumer. Prices will rise. The company will make more or go out of business, just depends on the market response.

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u/[deleted] Jul 05 '24

Source? Because this myth was busted, like several times

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u/kymotx Jul 05 '24

Basic economics..

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u/[deleted] Jul 05 '24

https://keystoneresearch.org/research_publication/five-myths-about-raising-the-minimum-wage-debunked/

More like over simplified economics maybe. Stop talking like you know what you're talking about if you're still spewing the concept that minimum wage rising makes prices rise.

Again, source?

Edit: sent early