> Raising pay ratchets up inflation Studies on local minimum wages (such as Seattle's aggressive ratcheting) suggest that low-end wage increases have negligibl

> Raising pay ratchets up inflation Studies on local minimum wages (such as Seattle's aggressive ratcheting) suggest that low-end wage increases have negligible effects on inflation. This has a pretty obvious basis when you consider that the 1% and especially the 0.1% have an overwhelming majority all the money in the economy.