02-19-2013, 09:44 PM
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Confirmed User
Industry Role:
Join Date: Jul 2012
Location: Boston, MA
Posts: 1,626
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Quote:
Originally Posted by Robbie
I've always thought that common sense dictates that every time you raise the minimum wage...companies raise the prices of everything to offset it.
So now a guy makes "x" amount of money which is "y" more than he did before. BUT...the cost of everything also went up "y". So it doesn't change anything, just makes our money more worthless in terms of buying power.
Maybe I'm wrong about that.
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