[JackSlateur]

When minimal wage increases, everything costs more ..

Wealth has no intrinsic value, it is only relative to other and to what can be exchanged with money

The numbers may always go up but the things that can be exchanged does not. Hence the "you become poorer"

[Manuel_D]

> The numbers may always go up but the things that can be exchanged does not.

No, the things that can be exchanged for money does go up. More houses get built, more cars are manufactured, etc. The total value of goods in the economy increases.

The economy is not zero sum.

[JackSlateur]

You are absolutely right: after all, you repeated the same things multiple time so it must be true

Yes indeed, every body can have everything. In the end, everybody will have a palace near the beach, everybody will have a mansion with a qualitative neighborhood, everybody can have a mona lisa at home

(trying ad absurdum to see if it helps you)

[Manuel_D]

You realize there's a vast gap between "everyone can have everything" and "the things that can be exchanged for money is static"?

We don't live in a post-scarcity society, but we also don't live in a world where economic output is zero sum.

If you have a 3 bedroom house, and your neighbor builds a palace on the beach, you still have a 3 bedroom house. Nothing was taken from you, someone else created a new asset.