Restricting your own wage increase in the hope that companies won’t add to inflation is very much like trying to be extra nice to an abusing partner in the hope that they won’t hit you.
I know that you later wrote that you’re in favor of a law restricting their ability to increase prices so please take this as an aside.
Because they are the same people, or friends, or relatives. They belong to the same social class so if they themselves deserve the wages then the CEO:s do the same…
McDonald's franchisee group says new $20 minimum wage California fast-food bill will cause 'devastating financial blow' ( www.cnbc.com )
The hypocrisy of wage inequality ( masto.ai )