LogFAQs > #950309731

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Topic	Politics Containment Topic 363: SEC Speed
Corrik7 02/05/21 12:34:42 PM #280:	Samurai7 posted... I've never understood how people believe this when it's never played out as directly proportional to inflation in any instance of minimum wage being instituted or increased It's simple math. If you pay burger flippers $15 an hour, you devalue middle class manufacturing and other jobs in the middle class range. If they raise their wages as much as the minimum wage, then nothing has changed as the wage increases across the board would absolutely lead to inflation. If they don't raise the wages, their jobs are devalued and the slight increases eat into them. The Democrats have been feasting on the middle class at the expense of the lower class forever. It's why middle class medical is a shit show now. Now you are coming after their incomes also. At least the Republicans just give everyone equal crumbs while giving to the rich unlike the Dems that wanna make everyone but the rich equally poor. --- Xbox Live User Name - Corrik PSN User Name - Corrik7 Currently playing: Control (X1) <cite>Corrik7 posted [p:950309731] in Politics C... [t:79267516]...</cite> <quote>Samurai7 posted... </cite> <quote> I've never understood how people believe this when it's never played out as directly proportional to inflation in any instance of minimum wage being instituted or increased</quote>It's simple math. If you pay burger flippers $15 an hour, you devalue middle class manufacturing and other jobs in the middle class range. If they raise their wages as much as the minimum wage, then nothing has changed as the wage increases across the board would absolutely lead to inflation. If they don't raise the wages, their jobs are devalued and the slight increases eat into them. The Democrats have been feasting on the middle class at the expense of the lower class forever. It's why middle class medical is a shit show now. Now you are coming after their incomes also. At least the Republicans just give everyone equal crumbs while giving to the rich unlike the Dems that wanna make everyone but the rich equally poor. --- Xbox Live User Name - Corrik PSN User Name - Corrik7 Currently playing: Control (X1)</quote> ... Copied to Clipboard!
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