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Originally posted by Rockpuck
And as Light says, raising the Minimum wage does in fact excel inflation, however, cause and effect often takes several years to "catch up" in a normal economy.
[edit on 7/26/2008 by Rockpuck]
Originally posted by ALightinDarkness
reply to post by mybigunit
This is one of those threads that amazes me. The data on this is crystal clear. It cannot get any clearer. It is simply a fact that when you remove artificial wages the average median wage rises and quartile median wages rise across all sectors. This happens every time its tested in the economic models.
You may pay your employees a "living wage" but as a business owner its up to you to do so, not the government. Plus, not all businesses operate on profit margins wide enough to be able to do such a thing.
Originally posted by Krieger
Before you say "You could hunt or fish or stuff!" Um, yeah, if I shot at an animal it would be a raccoon or a opossum and if I missed, or heck if I hit and the bullet went through, I'd kill someone in another house/apartment.
Actually if you look at history it is quite the opposite. Inflation causes us to raise minimum wage not the other way around.