Does minimum wage increase the cost of living/inflation?
Anyone have good data backing this up?
Whenever I look things up, all I find is garbage articles of talking points with 0 data, and I'm starting to get very frustrated. Anyone know a good place where I can find information? I feel like I have to sift through tons of garbage for any scraps of credible info.
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illinois passed a law to gradually hit 15 in a couple years
its already so fucked so i dont expect growth
In what universe would the cost of goods not go up when the amount of money available to consumers goes up.
If the cost of labor goes up the cost of the product goes up, its common sense.
Cost of goods have basically doubled since I was a kid whereas wages have been stagnant af. I don’t understand why you hate your fellow man so much.
it serve nothing to up minimum wage it will devalue the money even further
it's buying power that peoples need the $ as to be worth something again
you'll not need 15$ an hour if you can all you need with less
we got to turn back inflation
nationalize the centrals banks and revert everything that as been done since backing form the gold standards
>Does minimum wage increase the cost of living/inflation?
No it's always the opposite. Pressure to increase minimum wage comes as a result of price inflation and higher cost of living. If you think min wage plebs are calling the shots in this world you have to be retarded.
If wages rise, consumption rises with it, and prices increase due to the increase in demand. Even if the cost of producing goods remains the same, an increase in price is mandatory to account for the increase in demand
only with ultra limited market
this is not applicable to everything or almost anything
Go back to a gold standard and prices will go down.
Both the right and the left talk about min wage but never talk about why prices are rising in the first place. And it's because the Jews control the money supply