"As a general rule prices in a capitalist society are already as high as they can be."
What you're discounting is that once the minimum wage is raised, the market can bear higher prices, and will move accordingly.
What you're discounting is that once the minimum wage is raised, the market can bear higher prices, and will move accordingly.
I don't have the numbers, but I would guess that there are more people within a dollar or so of the current minimum wage than there are actually at the minimum wage. The trend in the US is for people to at least get nominal raises that would technically raise them above minimum wage, but well below the proposed new minimum wage.