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Topic	So rather than pay people a living wage
Revelation34 05/11/22 2:14:13 AM #20:	adjl posted... https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp First google result for "minimum wage and inflation." Presumably you could find more if you wanted to substantiate your belief that prices always follow wage increases. For the most part, though, the correlation is pretty weak, so you might have difficulty proving that. That article even tries to cover both sides, but all they're able to provide for the argument that wage increases cause inflation are theories and hypotheses, not empirical evidence collected from prior wage increases. Minimum wage goes up then prices go up because the companies are greedy. It happens all the time. It can easily be proven by literally just walking into a store right after a minimum wage increase. Arcturusisnow posted... They didn't when I and many of my co-workers got bumped up to $20 or more an hour over at FedEx. I forgot that $20 an hour is minimum wage --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms <cite>Revelation34 posted [p:964947531] in So rather ... [t:80015360]...</cite> <quote>adjl posted...</cite> <quote> https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp First google result for "minimum wage and inflation." Presumably you could find more if you wanted to substantiate your belief that prices always follow wage increases. For the most part, though, the correlation is pretty weak, so you might have difficulty proving that. That article even tries to cover both sides, but all they're able to provide for the argument that wage increases cause inflation are theories and hypotheses, not empirical evidence collected from prior wage increases. </quote> Minimum wage goes up then prices go up because the companies are greedy. It happens all the time. It can easily be proven by literally just walking into a store right after a minimum wage increase. Arcturusisnow posted...</cite> <quote> They didn't when I and many of my co-workers got bumped up to $20 or more an hour over at FedEx. </quote> I forgot that $20 an hour is minimum wage --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms</quote> ... Copied to Clipboard!
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