[zachsnow]

The same mechanism that ensures that the local coffee shop isn’t charging so much that the owner has a second house in Bermuda — if you raise prices that much you won’t be competitive.

Obviously in an particular case, who knows? But in general I think the expectation is that the market will decide.

[skidd0]

A minimum wage isn't one coffee shop with expensive beans. It means Every shop has expensive beans.

[romed]

Minimum wage raises in America generally come out of the landlord's pocket, not the consumer's.

[chrisdhoover]

I’m not sure what your statement means. Can you explain what you mean?

[romed]

Landlords have wide pricing power. They basically get all of the money. Rents rise until merchants make minimal margins. If the law says that wages have to go up, that depresses margins and therefore rents.