Inflation, as a metric wouldn’t really move… But the same effect as inflation at the point of sale would occur, increased prices.
However, the effect of wage increases on consumer pricing is minimal… based on every time this type of thing has happened previously. The net result is always more buying power for consumers. Prices never go up the same as the wage increases, because employee wages aren’t the total cost of a product or service.
Inflation, as a metric wouldn’t really move… But the same effect as inflation at the point of sale would occur, increased prices.
However, the effect of wage increases on consumer pricing is minimal… based on every time this type of thing has happened previously. The net result is always more buying power for consumers. Prices never go up the same as the wage increases, because employee wages aren’t the total cost of a product or service.