It doesn't really matter which you do. Do we want higher wages or lower prices? You can't do both. Does it even matter? The net effect is the same. Who cares that we've universally chosen #2?
Note: I'm assuming there's modest competition. Monopolies have a 3rd option: more profit.
1. increase your wages. pay your suppliers more.
2. decrease your prices.
It doesn't really matter which you do. Do we want higher wages or lower prices? You can't do both. Does it even matter? The net effect is the same. Who cares that we've universally chosen #2?
Note: I'm assuming there's modest competition. Monopolies have a 3rd option: more profit.