re: Restaurants nationwide raise prices amid soaring costs, labor shortage

quote:

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It had nothing to do with a living wage which, again, has not been implemented nationwide.

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He wasn't talking about raising the statutory minimum wage, which is why he put that term in quotes. Maybe he should have spelled it out more clearly instead of using a loaded political phrase, even if putting it in quotes.

But he was talking about the Fed printing trillions of dollars in funny money and handing it out to businesses, employees and the unemployed labor pool to "get them through the pandemic" - ie, sit at home and stream Netflix instead of going to work to fulfill their role in the stream of commerce.

This was obviously going to effect supply lines, which impacts downstream pricing. Simple economics.