However, if wages increase soon, everything else will be about clothing, food, gas, rent, etc., making it difficult for some to adjust . According to Sherk, “In equilibrium, the average fast food restaurant would have to increase its prices by 38%. » This would involve compensating the salaries paid to workers. David Cooper mentions in his article that "this would provide a modest boost to the overall economy, as an increase in wages would lead to an increase in consumer spending, which would contribute to GDP (gross domestic product) growth and modest gains employment”. But why would people spend more if prices rise along with the minimum wage? On the contrary, it would be wise if people wanted to save more.