higher wages exacerbates and compounds the issue/problem of an indulgence where wealth eats itself as well as the society it devours and flourishes in.
wealth coupled with the cloak of corporation has opened up a pandoras box of zombie-like buyers and investors who unconsciously lead society into embracing and normalizing monopoly. your little $100k house handed down through your family can be approached by wealthy entities and offer your family $300k for the home then sell it for $6-$7-$800k which in turn, by the whim of wealth driving, forcibly increases the values of all other properties within its vicinity. this is a problem i see that siphons from the pursuit of financial stability of others. it's the bottom and the top problem.
in order for another family coming into homeownership or even to rent, in order for that rent or mortgage to be paid, they're looking for the proper wage to facilitate those payments in the attempt to further enjoy a comfort in their livelihood. problem is, wealth is always updating its overfeeding habits, mostly without societies knowledge.
so what i'm saying is ...that little hamburger joint that has the best burgers will eventually perish because when its supply costs go up, it's looking for cheaper ways to operate which usually sacrifices the quality of the burgers as well as its reputation. this is a domino effect where the manipulated property value of this burger joint, when it rises in its lease along with the operation costs, it begins cutting employee hours as well as cutting down on employees and increasing remaining employee duties. the employees that are left are soon pressured by their own rising rents at home and request a wage increase. it becomes a hamster wheel, checkerboard game of one black checker running away from a board game full of red crowned kings. all your doing is running away till all your potential moves are exhausted or stalemated (chess move).
maintaining wealth is a monster that doesn't understand the other beings that exist with it and when nothing's left to devour, it will destroy itself out of loneliness.
socialism they say is bad, but capitalism has proven no better, because there is no limits or restriction. the humanity we think we know, has to move into a direction of societal equalization. it's just that the hard part is getting wealth to decrease it's manipulated asset values. education likes to insist that economics, supply & demand is all there is to this, when it's only encouraged dubious behavior all around from shoplifting an apple jolly rancher to skimming trillions of dollars, friends abandoning and cheating each other behind desperation acts of the highest order.