ca
The consumer doesnt care about cost. He cares about price.
and besides in your OP you said
“I don’t understand the rationale behind raising the minimum wage, doesn’t that make things more EXPENSIVE?…it’s basic economics…the cost of a product is based on raw materials + direct labor (how much the worker works X wage) + manufacturing overhead, which is computed based off of labor costs (like .25 of labor costs)”
Expensive for whom? In context it seems clear you meant the consumer, which is not necessarily correct.