Sure it is by your very source
If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price.
And I said
as people {can pay more{demand} businesses will start charging more {higher price}as a result.
TM....you just presented a really good argument demonstrating you do not understand supply/demand economics.
The context of 'demand' relates to consumption versus price stability, not wages versus your claimed increased pricing structure.can pay more{demand}
Of course lower wages can and do often force lower pricing.......but it's because of supply/demand pressures.
You've got capitalism and free market concepts confused with something else.
What I'm not certain of.
You ought to read these links:
http://en.wikipedia.org/wiki/Capitalism
http://en.wikipedia.org/wiki/Free_market