CA
“That all depends …”
exactly! there are many variables. Thus when you asked in the op “while I don’t understand the rationale behind raising the minimum wage, doesn’t that make things more expensive? it’s basic economics” Isnt quite true, as there are many variables.
While most economists do believe as you indicated that it would raise prices, a) some disagree and b) even among those who agree that prices will go up, many still believe it is good for the economy