New research finds hiking minimum wage leads to higher prices of consumer goods - TheBlaze

New research finds hiking minimum wage leads to higher prices of consumer goods - TheBlaze: 

Proponents of hiking the federal minimum wage to $15 argue that every American is entitled to earn a "living wage" and that no person should work hard each week, yet still live below the poverty line.

But if the government forces businesses to increase their wages, Princeton economist Orley C. Ashenfelter and Czech economist Štěpán Jurajda found through studying price and wage data from nearly every McDonald's restaurant in the U.S., businesses themselves do not cover the cost of increased wages.

Instead, they found that businesses simply pass that cost on to consumers.