reefraff
Active Member
Quote:
Originally Posted by Jerthunter http:///t/393443/welfare-vs-working-wheres-the-incentive-to-work/20#post_3500316
Don't get me wrong, I don't believe that raising the minimum wage will solve poverty, or even significantly reduce the numbers of people on well-fare. But I also don't see anything to back up the claim that raising minimum wage causes prices to go up proportionally.
I agree with you there. It has an impact but someone a lot smarter than me would have to run the numbers to figure out what the relationship to inflation is. Food probably reflects it more than anything.
Originally Posted by Jerthunter http:///t/393443/welfare-vs-working-wheres-the-incentive-to-work/20#post_3500316
Don't get me wrong, I don't believe that raising the minimum wage will solve poverty, or even significantly reduce the numbers of people on well-fare. But I also don't see anything to back up the claim that raising minimum wage causes prices to go up proportionally.
I agree with you there. It has an impact but someone a lot smarter than me would have to run the numbers to figure out what the relationship to inflation is. Food probably reflects it more than anything.