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What happens if minimum wage goes up?
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<blockquote data-quote="clean hairy" data-source="post: 1776792" data-attributes="member: 55223"><p>Could be.</p><p>A former prez in the 70's "I am not a crook!" tried wage and price freezes to combat inflation.</p><p>That went over as well as trying to put out a campfire by pouring gaoline on it.</p><p>In theory, if wages had stayed at $2 per hour, then the prices of goods and services would not have increased.</p><p>In actuality, who knows?</p><p>Been too many years since school to remember my Econ class.</p></blockquote><p></p>
[QUOTE="clean hairy, post: 1776792, member: 55223"] Could be. A former prez in the 70's "I am not a crook!" tried wage and price freezes to combat inflation. That went over as well as trying to put out a campfire by pouring gaoline on it. In theory, if wages had stayed at $2 per hour, then the prices of goods and services would not have increased. In actuality, who knows? Been too many years since school to remember my Econ class. [/QUOTE]
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