Please prove this assertion. Show your math. I can pickup a loaf of bread for $1.42 in a state with a $15/hr minimum wage, as of this comment. What does a $30 minimum wage make it? $2? $2.50? The horror. $900? I am doing my best to be polite and charitable.
Yes I was being sarcastic. But in CA when a typical wage went to $20 for Walmart or fast food, everything skyrocketed. At my grocery store you can get a bag of Fritos for $6 now, which should be no more than $2. If we triple the $20 (making it $60) we'll be paying $18 for a bag of Fritos. So yeah, I was joking a bit on the bread loaf, but we would be in an era of paying $600 for your grocery trip for 4 days of eating.
I sense your frustration and I think they were probably being a bit sarcastic... I won't speculate on a loaf of bread, but I would speculate that everything from a loaf of bread to a home increases in price substantially if minimum wage were raised to $60. As wages increase, prices tend to follow, since workers across the spectrum demand higher pay.
I'm not against raising minimum wage, but economics is a very complex thing and changes like that need to be approached carefully.
