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Main Board Today's Top Viewed: Could be they cleaned up their act.. (Views: 33)

Persactly!! - Economics

Posted: Jan 2nd, 2018 - 4:27 pm In Reply to: No, prices went up AFTER minimum wage - increased

Raising the minimum wage results in DECREASED BUYING POWER since the price of everything goes up!

My state raised its minimum wage a couple of years ago. Guess what happened?

Local diners posted price increases. Government departments had to lay people off. More and more businesses went "self-serve" with kiosks and the like.

Now the people who were whining about their pay have NO JOBS.

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