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Er, no. Net increase in wages over increase in prices increases demand. Simply artificially raising the wage floor achieves neither of those things.
Exactly! Since wage increases do not need to increase prices, wage increases increase demand
Obviously you do not understand business.
You can't just 'take up slack'.
In many cases there is no slack.
When a place has business and then goes out of business, there is demand for another business to come in and grab their market share