Crazy moron fears are, as usual, unfounded.
More than a year after a new minimum wage took effect in Seattle–$12.50 an hour now for small employers, increasing to $15 an hour by January 2018–prices at most stores haven’t gone up.
In a new report, researchers from the University of Washington presented data that showed “little or no evidence” of price increases in most sectors. Before the minimum wage law took effect, most retailers said they would have to charge more–and most low-wage workers were worried that they would have to spend more for necessities. So far, that hasn’t happened.