$18 Minimum Wage in Hawaii: Will Food Get More Expensive?

As of 2022, the minimum wage in Hawaii is $10.10, but there are talks to increase it to $18 an hour. While that would increase the wages for thousands of local workers, what would happen to the food prices in Hawaii? I recently read an article that stated that the food prices in Hawaii wouldn't need to be increased by a lot if the minimum wage were increased to $18 an hour. In this video, I go over the article and the studies, as well as share what I learned after asking two local businesses what would happen to their prices if the minimum wage were increased to $18 in Hawaii. Let me know what you think would happen to food prices in Hawaii in the comments below.

Intro - 0:00
Before Getting Into It - 0:56
Going Over the Article - 1:29
My Findings - 2:30
Things to Consider - 4:34
Closing - 7:33

Main article: https://www.civilbeat.org/2022/02/an-18-minimum-wage-wont-raise-prices-dramatically/
Upjohn Institute Study: https://www.upjohn.org/research-highlights/does-increasing-minimum-wage-lead-higher-prices
Report from DBEDT about impact of minimum wage raises on unemployment in Hawaii: https://files.hawaii.gov/dbedt/economic/reports/Minimum_Wage_Report.pdf

Filmed using the Canon Vixia G60.

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Видео $18 Minimum Wage in Hawaii: Will Food Get More Expensive? канала Hello From Hawaii