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People at the bottom of the wage scale getting a few bucks more an hour will not drive up costs. The additional demand is spread across categories of goods. You
by jyounker 8y ago
People at the bottom of the wage scale getting a few bucks more an hour will not drive up costs. The additional demand is spread across categories of goods. You also assume that businesses are incapable of increasing production (or improving production efficiency) to handle moderate increases in demand.
- loceng 8y agoOf course it does. It's known when there's more money made available (e.g. student loans) then cost goes up (e.g. education tuition).