If there is a capitalism devil it is the Government,
Direct result.
https://youtu.be/gj7WEbh4e0M?si=ho-cYKj9L4I6Gj5c
The capitalism devil's cleverest trick is making people think he doesn't exist.
Ask Gavin Newsome who just admitted the pending raise in minimum wages for state health care workers
will cost 4 Billion Dollars MORE than advertised. . Lawmakers are scrambling to delay the increase set for next week.
The Wall Street Journal summed it all up nicely:
When government raises wages above what the market commands, employers will increase prices and reduce labor.
California, QED.