RE: Why we need a mandatory living wage:
August 31, 2014 at 3:43 am
(This post was last modified: August 31, 2014 at 3:46 am by BlackMason.)
(August 29, 2014 at 4:04 pm)Chad32 Wrote: I've heard of people holding three jobs, but not four. That's crazy. I'm all for raising the minimum wage to keep up with inflation. You'd think that would be the default.
You do realise that this is the old dog trying to catch it's tail analogy. Raising the minimum wage will in turn raise inflation. This is simple economics 101 cost push inflation.
Many factors will need to be considered. Is the general public happy to pay more for the same quantity of goods and services? Increasing the minimum wage could expand the number of people needing more than one job to maintain their standard of life. Corporations will just pass the additional costs to the consumer.
(August 29, 2014 at 4:11 pm)Chad32 Wrote: I keep hearing that raising the MW would raise the prices of everything else in an endless cycle of rising prices. That's why my parents are against it, anyway.
Didn't realise you wrote this but it is true.
8000 years before Jesus, the Egyptian god Horus said, "I am the way, the truth, the life."