The conversation between human and AI assistant.
What would the impact of a $15.00 minimum wage be?
That's a good point. What about the impact on consumer prices? Do you think that raising the minimum wage could lead to higher prices for goods and services?
It's possible that prices could go up in some sectors as a result of a higher minimum wage, but it's also possible that businesses may find other ways to cut costs or increase efficiency in order to avoid having to raise prices. Additionally, there is evidence to suggest that consumers are willing to pay slightly higher prices for goods and services if it means that workers are able to make a living wage.