You missed everything that I stated. It is not just the CEOs that are wanting raises that causes costs to go up, BUT EVERYONE. And being competitive does not mean prices go up, but the very opposite. The factor (other than the cost of making something due to the need to cover wages) is supply and demand. Competitiveness causes prices to go down, as companies try to make the product cheaper to be able to have a lower resale value and make up the difference in volume sold.
Do you not understand the basic principle of business is to sell the products at a rate to not only cover all overhead but to also make a profit? If minimum wage was to be raised to $15/hr, do you really think the $5 meals at McDonalds, Burger King, ect. will cover all the overhead? Highly doubtful. That means the cost of that $5 meal will most likely change to $8-10. Places who have already done this have experienced this. In fact a guy in Oregan was happy when he started making $15/hr, but then realized it was a bad thing when his boss had to shut down the business because they couldn't afford to pay the new minimum wage without raising cost of their product. So should they have raised the prices of their pizzas and gouge the customers or close shop?
BTW, you should consider yourself wealthy, I would be if I made that much. Shit I would consider my self wealthy making $90k, but I barely make half that.
But here is what you missed completely. If EVERYONE wasn't so greedy in thinking they need to make more money, inflation would not be as high as it is, and people would be better off. It is not just the CEOs fault on this. I am not even going to get started on the issues with unions. As far as I am considered, they cause more problems than anything and are no longer beneficial. Should have gone away after the great depression.