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Quote by: SteveA There are other sources to inflation. Primarily money supply.
The only reason why things don't cost 1/10th as much is because we have a lot more money in the system than we used to, and wages have risen along with this even though minimum wage hasn't.
So how do you explain the rise in wages without an increase in minimum wage? Could it be that market proponents are correct in saying that companies can't ignore competition in the labor markets?  |
Do you have a job? I do and I make $ 7.10 an hour, nearly $2.00 over Minimum wage, but it would have to be $8.70 to have kept up with inflation, which is $1.60 more than I make. so where is the rise in wages.