>>11408985Because in this situation, the higher prices are meant to be balanced out by higher wages, which would put us ahead of what other countries would pay for the same items.
The price of, lets say, an action figure, is about $15 on average(somewhere in between the cheapest and the more expensive 4-6 inch retail stuff). This is around the price agreed for such figures everywhere. you'll pay about 15 Euros or 2000 for such a figure in countries using those currencies, which isn't the exact same amount, but around that. A Japanese figure similar to a domestic figure like that will cost about the same.
If the idea is that wages increase so that, proportionally, we see $30 like we see $15 now, well we've just jumped ahead of what other countries would deem the cost of that same item even if it doesn't seem like a big deal to us anymore. In an isolationist view, this can be ok, but it also kills incentive for trade across countries. it's also being very generous and imagining this all actually does pan out and the higher wages do come.
