Not true dog. Like most economically challenged liberals your static thinking assumes businesses will not react to large cost increases and cuts to their bottom line.
Let’s take the fast food businesses for example. Initially owners will try to raise prices to cover new costs but its likely they will face stiff resistance from customers who already pay nearly ten bucks for a full meal combo. Customers may do as I do and actually cook their own meals at home because its so much cheaper. Next or maybe simultaneously business owners will cut employee hours, benefits, and turn full time employees into part timers to try to absorb the blow. Or .some may just give up and close down and go some place where they can make a living
And finally this possibility…coming to a fast food restaurant near you: Robo-King!
This is an industry ripe for automation and here’s how it will work. So you hit the drive up and push the various menu buttons for your meal selection. Insert your credit or debit, debit or cash to pay for it. You drive to the drive up window and your meal will be pushed out to you and away you go.
The burgers and fries or whatever garbage you eat will be cooked to perfection by robots. Ingredients will be apportioned exactly the same each time you order. Almost no humans needed and all of this brought on by morons who defy economics and the law of supply and demand. I think it was who Churchill once said of that type of thinking : It’s like a man standing in a bucket and trying to raise himself by the handles.

Italy is a beautiful country with great people. We could do a lot worse, Queeg.

In answer to the original post, businesses will pay the increase in wages and raise their prices to cover it. It’s not rocket science.

Italy and L.A… at least the weather is beautiful in both places!

Italy has been a basket case ever since….Huge grey market and sophisticated criminal enterprises, generous welfare, draconian labor regulations, nonexistant native population growth, brain drain, marginal low skill service jobs gazoo….

LA has evovled-to-date to Somolia lite and rapidly moving toward a Brazilian slum.

How nice!