Federal Minimum Wage |
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Federal Minimum Wage |
Jan 17 2010, 05:41 PM
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#1
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Senior Member Group: Member Posts: 164 Joined: Dec 2006 Member No: 484,926 |
Resolved: The federal minimum wage should be raised to $10.
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Mar 16 2010, 06:53 PM
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#2
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Sarcastic Mr. Know-It-All Group: Staff Alumni Posts: 2,089 Joined: Dec 2003 Member No: 29 |
I don't think higher wages necessarily causes inflation. Actually, I think it's the other way around. When inflation occurs, wages must rise in order to maintain the same buying power.
The point is, you can't point to inflation as a "stimulant" to the economy just because you get a nominal increase in wages (see Zimbabwe). |
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