You are definetly the kid that has been at college for a semester and thinks he's smart now. Oh take a macroecon course, no shut the fuck up. This will have almost no effect on anything. Most retail goods aren't made in the US, so this won't really effect their price. Also do you know how few people actually get min wage? Very few and the majority are teenagers. This doesn't raise the quality of life for many people. In conclusion it won't raise the CPI, it could cause more unemployment for teenagers since there is more supply than demand since their is a price floor on wages. In conclusion, shut the fuck up, you are fucking retarded, you aren't knowledgable on something because you have taken hundred level micro and macro course.