"Past research on how business costs rise with minimum wage hikes indicates that a 10-percent minimum wage hike can be expected to produce a cost increase for the average business of less than one-tenth of one percent of their sales revenue."
"A price increase of this size amounts to marking up a $100 price tag to $100.10."
"If the average businesses wanted to completely cover the cost increase from a 10-percent minimum wage hike through higher prices, they would need to raise their prices by less than 0.1 percent. A price increase of this size amounts to marking up a $100 price tag to $100.10."
https://truthout.org/articles/minimum-wage-hikes-do-not-cause-inflation/
From: "Minimum Wage Hikes Do Not Cause Inflation," January 18, 2013 by Jeannette Wicks-Lim
http://backtofullemployment.org/2013/01/18/minimum-wage-hikes-do-not-cause-inflation/
"If the average businesses wanted to completely cover the cost increase from a 10-percent minimum wage hike through higher prices, they would need to raise their prices by less than 0.1 percent. A price increase of this size amounts to marking up a $100 price tag to $100.10."
https://truthout.org/articles/minimum-wage-hikes-do-not-cause-inflation/
From: "Minimum Wage Hikes Do Not Cause Inflation," January 18, 2013 by Jeannette Wicks-Lim
http://backtofullemployment.org/2013/01/18/minimum-wage-hikes-do-not-cause-inflation/
