quote:Originally posted by m21sniper
It is my opinion that boosting minimum wage boosts the prices of everything at a nearly proportional rate, thereby effectively eliminating any increase in PPP of a minimum wage worker.
It is a cause and effect.
You force us to pay our workers more, we simply increase the price of our goods and services to match.
Thus, the status quo is maintained.
Quote:
SUPERMAN:
This statement would never be made by an economist.
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If i wasnt so lazy i'd hunt down the posts that the West Point economics professor that posts at a board i co-founded (
www.worldaffairsboard.com) made, and post them here.
Because he has said the same thing several times in the past on that board. If anyone wants to go simply ask him(superman), his screen name there is Shek. Or they can just be guided by their own common sense, as i as a self-employed small business owner does.
If my expenses go up, i raise my prices.
It is that simple.
Cause...
Effect...
Reality.