Inflation pushes the cost of living up, and workers (unions & socialists) all scream for a minimum living wage, but this is contradictory. The price of a product (or service) is the cost + profit. Included in the cost of a product is essentially, materials + overhead. Materials are the raw materials need to manufacture the product; overhead is the operative cost of the business which includes taxes paid and the cost employment. This means that what a worker makes is factored into the price of the product plus profit. As a worker's pay increase so does the product price. This is inflation - and because the worker's pay is always a percentage of the products price, the pay increase will always just be a percentage of inflation (significantly less than 100% ; 100% = pay increase = inflation).
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