Awesome observations! It's so rare to find people who understand that the usual arguments are irrelevant and that the cost of living is going up whether business owners and customers like it or not. The only place refusing to raise wages regardless of the situation coupled with a cost of living that will always increase is a world in which the vast majority of people require government-provided money just to survive. Well, or a world in which society ultimately tears itself apart at the seams when it becomes impossible for anyone to survive within society's guidelines any longer, but I doubt anyone, including the extremely wealthy, would be able to benefit from that.