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Life After Brown
Anyone Afraid Of Inflation?
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<blockquote data-quote="JL 0513" data-source="post: 5098794" data-attributes="member: 50088"><p>Yup. Kind of a vicious cycle. One of the driving forces of inflation, outside of printing trillions out of thin air, is the fact that essentially the minimum wage is around $15. While not the official minimum, numerous states are there and from a competitive standpoint, employers all need to pay it to get workers. This happened too quickly. </p><p></p><p>The key to the value of currency is the baseline wage, or minimum market wage. That's the starting point for the cost of everything.</p></blockquote><p></p>
[QUOTE="JL 0513, post: 5098794, member: 50088"] Yup. Kind of a vicious cycle. One of the driving forces of inflation, outside of printing trillions out of thin air, is the fact that essentially the minimum wage is around $15. While not the official minimum, numerous states are there and from a competitive standpoint, employers all need to pay it to get workers. This happened too quickly. The key to the value of currency is the baseline wage, or minimum market wage. That's the starting point for the cost of everything. [/QUOTE]
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Anyone Afraid Of Inflation?
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