The price of goods increase for several reasons, but wages aren’t the issue. Prices have increased over time, but wages have not risen in 20 years in the US. The goal of businesses is to make profits — low wages, high prices, but Tim left out a lot of information. For example, more people making more money, means more people spending more money. Prices will not increase unless a business is profiting off low wages, and in that case it should fail.

While government controls the federal wage rate, it does not regulate prices. We are living in the upside down world of neoliberalism. Companies do whatever they want and they’re supported by the government. People have no power, financial stability, and labor rights.