US Rep wants to raise Minimum Wage to $50 Bucks an Hour...

Lokarin posted...

> But minimum wage causes inflation to rise even faster. So it's a tricky balance.

Studies show that for every 10% the median wage goes up (not minimum wage, granted, this is median wage), the price of goods goes up 0.4% on average

Some part of that seems wrong.

We know inflation has caused all prices to double since 2012.
Did anyones wage quadruple in these last 12 years? mine didn't.

Based on the spending I see around me, I think I am just considered poor now.