LogFAQs > #891641380

LurkerFAQs, Active DB, DB1, Database 2 ( 09.16.2017-02.21.2018 ), DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	increases in the minimum wage lead to higher grocery prices
FLUFFYGERM 12/05/17 2:21:24 PM #24:	Balrog0 posted... Our results suggest that consumers rather than firms bear the cost of minimum wage increases. Moreover, poor households are most negatively affected by the price response. Price increases in grocery stores alone offset at least 10% of the nominal income gains of the poorest households. no fucking shit. who would have thought that basic laws of economics and mathematics are more credible than muh feelingz? once again liberal policies do more damage to the people they claim to be helping lmao --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol <cite>FLUFFYGERM posted [p:891641380] in increases ... [t:76065000]...</cite> <quote><cite>Balrog0 posted...</cite> <quote>Our results suggest that consumers rather than firms bear the cost of minimum wage increases. Moreover, poor households are most negatively affected by the price response. Price increases in grocery stores alone offset at least 10% of the nominal income gains of the poorest households.</quote> no fucking shit. who would have thought that basic laws of economics and mathematics are more credible than muh feelingz? once again liberal policies do more damage to the people they claim to be helping lmao --- but Marxist theory is extremely consistent, both internally and with reality. -averagejeol</quote> ... Copied to Clipboard!
Topic List	Page List: 1