Raising minimum wage will only raise the cost of living thus creating a never ending cycle of inflation, amirite?

+133 Raising minimum wage will only raise the cost of living thus creating a never ending cycle of inflation, amirite?

by Anonymous 13 years ago

raising minimum wage not ONLY raise inflation it will effect a number of things INCLUDING effects on inflation (note I didn't say raise)

by Anonymous 13 years ago

You're oversimplifying complex macroeconomics, I don't think this would have to be the case. Also, I don't see why it would be never ending? Unless you're continually raising the minimum wage

by Anonymous 13 years ago

Supply and demand does that mayne, lrn2economics.

by Anonymous 9 years ago

Raising minimum wage to fit with the current rate of inflation keeps people protected from exploitation and poverty. Having a liveable minimum wages means that people having to work two or more jobs to survive can work less, freeing up jobs for unemployed people, which means less money needing to be spent by the government on welfare and also people being able to spend money on more leisure activities "luxury" items, which fuels the economy and makes it stronger yay!

by Anonymous 9 years ago

History shows that to be untrue. If people have no money to spend the economy dies. Inflation is a hidden tax just like tariffs.

by Anonymous 3 years ago

How much less would everything be if Besos didn't make 9 million dollars an hour?

by Anonymous 3 years ago