06-08-2016, 11:03 AM
(06-08-2016, 10:57 AM)Brownshoe Wrote: True. If they raise the minimum wage then inflation will make the housing prices go up.
Bingo. It is not as easy as people pretend it is. The guy who was making the new minimum wage before the change will demand a pay increase, as he was obviously worth more than minimum wage before, and then what he gets increased to will have the same effect on the next guy and so on. Now minimum wage gets reset and we are back where we started with inflation. It may take a couple years, but eventually it'll all come back around. For some reason people think in a capitalist society there can be no poor class. There has to be a poor class, it is a matter of how bad the conditions are for the poor class. I think we are better off doing work in the subsidies department over a flat increase.
