Economics, Basic
The Nephews already know this, but some young person out there needs the explanation: When the minimum wage is raised, minimum wage workers have more money in their pockets for a month or so. Then manufacturers and retailers raise the prices of things to offset the cost of paying their employees what used to be considered a living wage. Then minimum wage workers end up having less money in their pockets, even though it takes more money to buy things. People who want to raise your wages are not generally your friends. It makes more sense after you've lived through a few rounds of inflation, but we don't need any more inflation, so please, young people, trust those over age 30 on this.
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