If we pay McD workers $25.00/hr a 1/4’er hamburgers will cost $5000000000000000000000000000000000.00 each!!!! //sarcasm.
Well, if you increase the pay of the lowest paid workers, it lifts all boats. Heck, many union contracts even have a “minimum wage” multiplier in them. When the minimum wage goes up, theirs automatically goes up. Everything costs more so, well, everything costs more.