Wyatt earp
Diamond Member
- Apr 21, 2012
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You miss the point, I could live on 25cents an hour, if this was the 1930sYou pay more anyway, the minimum wage used to be twenty-five cents, remember. Why do you "hate on the Poor"?So you want me to pay more, and why?There is no law requiring it. Those employers can simply pass on costs to their consumers to remain profitable.Shouldn't be a problem for labor whose income went up by 100%It helps if you understand micro or macroeconomics. Only a fraction of the labor force makes the minimum wage; thus, even the dollar menu at a fast food place won't double even if the minimum wage does.How can minimum wage ever outpace inflation when minimum wage is one of the reasons for inflation?However did you reach that conclusion? I am saying inflation happens anyway. It should not be a problem if wages outpace inflation.So in your mind inflation wouldn't of happened if we raised minimum wage?So what. The minimum wage was not adjusted for around a decade and inflation still happened.Bwahaha, minimum wage used to be 25 cents an hour.While the arguments for wage-push inflation are appealing, the empirical evidence is not so solid. In fact, looking back at the history of minimum wage increases has only a very weak association with inflationary pressures on prices in an economy.--https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp
No shit sherlock but your weekly budget will go up 20% for people making $15 an hour
We already established they will lose hours