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What happens if minimum wage goes up?
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<blockquote data-quote="Mugarolla" data-source="post: 1779128" data-attributes="member: 8481"><p>That's not what I said.</p><p></p><p>If a guy is making minimum wage, maybe he should have realized that he cannot afford to have kids until he got a better job.</p><p></p><p>People need to take responsibility.</p><p></p><p>Raising minimum wage by almost 100% will do nothing but skyrocket inflation.</p><p></p><p>The price of everything will drastically go up to cover the extra cost of labor.</p><p></p><p>The minumum wage earner will break even. His raise will just cover the increased cost of goods and services. Everyone else will lose.</p><p></p><p>Goods and services will skyrocket, but nobody else will get this raise, just minimum wage earners.</p><p></p><p>Economics 101.</p></blockquote><p></p>
[QUOTE="Mugarolla, post: 1779128, member: 8481"] That's not what I said. If a guy is making minimum wage, maybe he should have realized that he cannot afford to have kids until he got a better job. People need to take responsibility. Raising minimum wage by almost 100% will do nothing but skyrocket inflation. The price of everything will drastically go up to cover the extra cost of labor. The minumum wage earner will break even. His raise will just cover the increased cost of goods and services. Everyone else will lose. Goods and services will skyrocket, but nobody else will get this raise, just minimum wage earners. Economics 101. [/QUOTE]
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What happens if minimum wage goes up?
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