Why you don't set the minimum wage to $70K

[SteelCrysis]

No way, you think?!

Of course it would because a. the money has to come from somewhere and higher costs of good would be where b. even vendors paying wages nowhere near the $70K get that there is more money flowing and jack up their prices

The dumbasses who think "The jig is up! Those rich guys have to pay out of their deep pockets and now we will all prosper!" need to Google "cost push" and "demand pull" inflation.

It's also way past crazy thinking that people who have been making $70K to do skilled work won't expect to make a lot more than that if the cafeteria workers start making that to hand out jello.

Actually, boosting the minimum wage wouldn't increase prices at all. Money isn't magically created and driving inflation when the employees get more money, since that money that used to go to the owner is just going to the employees instead.