Retirees, by definition, are not dependent on wages. Most of them (at least the ones who are politically influential) live on a combination of Social Security and investment income. The former is fixed by law; the latter is driven by the performance of the markets, which in turn reflects costs, including employee compensation and levels of corporate taxation. Retirees also fear inflation, as it erodes the value of their savings.
You can see from this analysis that retirees are among the chief beneficiaries of the dollar store economy, which offers them low inflation and high asset prices. The status quo isn’t just for business owners. Is it any wonder that the elderly are reliable voters for the GOP?