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Thread: min wage going up

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    Quote Originally Posted by morris
    Well just how much should you pay a guy that cooks french fries, whch really translates into how much do you want to pay for french fries.
    we;; back where i use to live miniwage is at 7.36 b4 i moved and has gone up since. but everything else was going up but miniwage. so basically there moveing with the economy not the economy moving with the wage. i dunno if that made sense but ya. like prices are going up or going to stay the same just there be more money in peoples pockets.

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    Quote Originally Posted by Sibsr20
    we;; back where i use to live miniwage is at 7.36 b4 i moved and has gone up since. but everything else was going up but miniwage. so basically there moveing with the economy not the economy moving with the wage. i dunno if that made sense but ya. like prices are going up or going to stay the same just there be more money in peoples pockets.
    Sorry its kind of diffucult to understand your point.

    There is a concept in Economics called monetary supply prices cannot stay the same if you increase wages across the board. The more money in the economy the less value it has which makes the price of an item go up even more.

    This is called inflation and it is generally a bad thing.

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