Blank, when you pay the lowest segment of the population 'X' dollars, every segment above them expects a percentage more than they do for their work. If a cashier's wages double to $15, the hourly manager is well within reason to expect $30. If you are making $30 as a shift manager at McDonald's, this causes a price increase.
If I could make $30/hr at McDonald's, why should I spend my days working on multi-million dollar airplanes for $30? To entice qualified workers, my employer is forced to raise wages 25% to prevent skills loss, they have to charge their customers 25% more for their products.
If I am making 25% more, the engineers are going to expect that also. If the engineers are getting that pay hike, so are the managers. If the managers are getting that pay hike, so are the executives.
What does all this turn into? Massive inflation and price increases across the board thereby reducing buying power right back to where it is today.
Do I expect you to understand all this? Not a chance. You can only see things in a vacuum. In your mind, if something happens to A, B, C, and D are not affected because nothing directly happened to them.
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Originally Posted by BanginJimmy
