Quote Originally Posted by lazyboi444
And thats ok we keep raising mini wage and other prices go up long as this economy is getting out the slump and in recission we are fine. Though we will never be out of debt with ourselfs raising of mini wage is one factor to helping that. This conversation could go for hours but shit i don't feel like typiong that much.
Look at it like this,

1)They raise minimum wage to 7.25 so the people that make minimum wage can survive better in our economy.

2) Businesses raise they're prices to accomodate the raise in pay. Inflation rate accelerates.

3) Due to inflation, people start complaining that 7.25 isn't enough anymore.

4) Minimum wage is raised to 9.50, inflation rate continues to accelerate.

See where this is going? This was not the correct solution.

All this time the dollar's exchange rate is dropping. Eventually our economy will crash, again. Guess who will take the blunt of the crash? Lower income families.

If minimum wage is not enough, then people should get off thier a$$ and find a better job or go to school. There are plenty of $30k+++ a year jobs for people without college educations. Problem is people are lazy.