LogFAQs > #979005554

LurkerFAQs, Active Database ( 12.01.2023-present ), DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	US Rep wants to raise Minimum Wage to $50 Bucks an Hour...
SinisterSlay 02/23/24 4:50:35 PM #17:	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. --- He who stumbles around in darkness with a stick is blind. But he who... sticks out in darkness... is... fluorescent! - Brother Silence Lose 50 experience <cite>SinisterSlay posted [p:979005554] in US Rep wan... [t:80704007]...</cite> <quote>Lokarin posted... </cite><quote>> 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</quote>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. --- He who stumbles around in darkness with a stick is blind. But he who... sticks out in darkness... is... fluorescent! - Brother SilenceLose 50 experience</quote> ... Copied to Clipboard!
Topic List	Page List: 1