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[–] 1 point 2 days ago (1 child)

Not necessarily. If your labour is 25% of the cost of a product and it increases by 4%, the price of the product would go up 1% without affecting the profit at all (in dollars, not percentage).

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  • [–] 1 point 2 days ago

    It's better to let the free market determine wages. Wages are affected by the law of supply and demand. If a certain job is in high demand, the wage will go up. The government forcing wages up is artificially increasing demand.

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