>They also don't understand that if they took all of this money from the capitalists and gave it to the working class and went to go buy stuff with it, it would just cause massive price increases and the working class wouldn't be any better off.
I don't know why, but this reminds me of an argument against the minimum wage that I thought of that I was wondering if anyone looked at seriously.
A lot of pro-minimum wage data comes from individual cities passing higher minimum wages (c.f. Seattle, NYC, etc.). And I wonder if the following is what's really happening:
Imagine Chicago and the suburb Joliet. Chicago is planning a minimum wage increase while Joliet is not. Big box and other stores that have chains throughout the area notice this. Any operations that can be done more in Joliet would be more efficient than in Chicago. Likewise, restaurants or factories close down or relocate from Chicago to across the city line. On net employment moves out of Chicago and into Joliet because of this, and there's either larger commuting from Chicago to Joliet, or the total employment of Chicago decreases (because of the net negative migration from Chicago), while the unemployment rate may be stagnant or even fall.
Now I remember why what you said reminded me of this. I've always wondered whether increasing the minimum wage also increases price inflation at all. I've also wondered if there has been any attempt at defining how increasing the minimum wage "makes job shittier." I.e., if I was paying you $5/hr I might not expect much and will be rather lax if I catch you goofing off, but if I'm paying you $15/hr you better goddam be worth it and I'm going to rail on your ass if I find you playing on your phone all the time.