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UPS Union Issues
Minimum wage general strike
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<blockquote data-quote="Catatonic" data-source="post: 1193061" data-attributes="member: 7966"><p>Technically, <strong>EmraldArcher</strong> is correct ... this is the natural cause and effect of any economic model "where all other things are held static".</p><p></p><p>One could argue that increasing minimum wages will increase disposable income (for those workers whose pay is raised) and therefore leading to more workers to provide those goods purchased by the increased disposable income.</p><p>At the same time, increased minimum wage will drive up the cost of goods decreasing the effective disposable income of the people whose wages/salaries were not impacted.</p><p>It gets pretty messy as you can see which is why most, if not all, economic models are constructed on a premise "where all other things are held static".</p></blockquote><p></p>
[QUOTE="Catatonic, post: 1193061, member: 7966"] Technically, [B]EmraldArcher[/B] is correct ... this is the natural cause and effect of any economic model "where all other things are held static". One could argue that increasing minimum wages will increase disposable income (for those workers whose pay is raised) and therefore leading to more workers to provide those goods purchased by the increased disposable income. At the same time, increased minimum wage will drive up the cost of goods decreasing the effective disposable income of the people whose wages/salaries were not impacted. It gets pretty messy as you can see which is why most, if not all, economic models are constructed on a premise "where all other things are held static". [/QUOTE]
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