How inflationary is the federal minimum wage rate?

Discussion in 'Economy' started by Supposn, Jul 23, 2019.

  1. Supposn
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    Supposn VIP Member

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    How inflationary is the federal minimum wage rate?

    Although labor contributes a substantial portion, labor is only a portion of aggregate products' costs; (this is true even among service products). The federal minimum wage rate effects Low-wage labor and has extremely little proportional effect upon higher wage rates, it is not among the primary cause for U.S. dollar's losses of purchasing power.
    The federal minimum wage rate's purchasing power's much less a cause and much more a victim of U.S. Dollar's inflation.

    Federal minimum wage rate's purchasing power's purpose is to reduce incidences and extents of poverty among USA's working-poor.

    Respectfully, Supposn
     

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