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You should see an increase in your wage when the minimum goes to $15. A rising tide lifts all boats. Inflation is virtually zero, so rising wages are a good thi
by rswail 6y ago
You should see an increase in your wage when the minimum goes to $15. A rising tide lifts all boats. Inflation is virtually zero, so rising wages are a good thing for the vast majority of wage and salary earning employees.
- protomyth 6y agoI would love to see you prove that with actual labor statistics. Employers do not do that, plus now you need to deal with higher prices.
- ryanmercer 6y agoMy annual merit based increases are often at or just below inflation levels and the cost increase of insurance, I wouldn't hold my breath on my employer upping my pay a comparable amount - shareholders aren't fond of shrinking profits. I think the largest pay bump I've ever seen in a year was right at 2% or possibly even less.
- riffraff 6y agoI am not sure it's given that inflation will stay at zero with rising minimum wages. I think GP is worried this may not be the case, and he would lose purchasing power. Nothing may happen, but I think we'll have to wait and see if this is the case or not.
- acomms 6y agoWhy would inflation stay at 0? That is extremely unlikely.