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[–] 123_456 6 points 7 points (+13|-6) ago 

That assumes that the cost of goods is directly tied to the cost of labor, which isn't the case.

Nope. It has a direct connection. You're 100% wrong. Labor is the main cost to a business.

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[–] Fitblue 0 points 6 points (+6|-0) ago 

I've learned this the hard way but when you talk absolutes about a subject you're not a field expert on, you come off as ignorant.

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[–] Yttrium 0 points 3 points (+3|-0) ago 

I could be wrong, but I think what he was saying is that the cost of labor and the cost of goods do not share a 1:1 relationship, or a type of linear relationship. Generally, the price of the good is comprised of more than just the cost of minimum wage labor. Examples: Buildings, location, anything that can be depreciated over the lifetime of a company and, while being used by employees, would still exist in some context without the workers.

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[–] PassingShip 0 points 1 points (+1|-0) ago 

Wages aren't the only cost of labor, though.

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[–] EllenPaosEgo 0 points 0 points (+0|-0) ago 

If it had a 100% connection our wages would have gone up to this 15$ minimum a while ago. Prices HAVE gone up, the cost of living has skyrocketed, but our wages have become stagnant.