LogFAQs > #979005572

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Topic	US Rep wants to raise Minimum Wage to $50 Bucks an Hour...
adjl 02/23/24 4:52:09 PM #19:	SinisterSlay posted... 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 The causality doesn't go both ways. Increasing wages by 10% increases prices by 0.4%. Increasing prices by 0.4% doesn't necessarily increase wages by 10%. --- This is my signature. It exists to keep people from skipping the last line of my posts. <cite>adjl posted [p:979005572] in US Rep wan... [t:80704007]...</cite> <quote>SinisterSlay posted... </cite><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</quote>The causality doesn't go both ways. Increasing wages by 10% increases prices by 0.4%. Increasing prices by 0.4% doesn't necessarily increase wages by 10%. --- This is my signature. It exists to keep people from skipping the last line of my posts.</quote> ... Copied to Clipboard!
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