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But then you’re just increasing inflation, and the people you pay $15/hour end up having the same purchasing power as before.
by pzh 7y ago
But then you’re just increasing inflation, and the people you pay $15/hour end up having the same purchasing power as before.
- gldalmaso 7y agoThis seems to assume that every good purchased is created by a minimum wage work force. That not being the case, the minimum wage work force purchasing power increases for everything else that is imported or produced by a higher wage work force.