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So I hope those skinflints do just raise the minimum wage a tiny bit. They need to raise it a lot. A minimum wage of $50.00 per hour would relieve a great deal

So I hope those skinflints do just raise the minimum wage a tiny bit. They need to raise it a lot. A minimum wage of $50.00 per hour would relieve a great deal of poverty. P.S. http://cafehayek.com/2014/01/the-wages-of-journalist-incompetence.html http://cafehayek.com/2014/01/the-wages-of-journalist-incompe...

dc2k08 13y ago
No it wouldn't. The amount of dollars you would need to exchange for goods and services would just increase while the exchange rate for dollars would decrease.