Research suggests that a ten percent hike in the minimum wage could be expected to bring about a 1/10th of 1% hike in prices.

In other words, that $100.00 cart of groceries might cost you $100.10 after giving the stock clerks a 10% raise. Those stock clerks would them pump probably ONE HUNDRED PERCENT of their raise into the economy, where it would then find its way into the bank accounts of the wealthy who GAVE them the raise.