Should the government raise the federal minimum wage?
No, this will only cause prices to increase in a never ending cycle
Raising the minimum wage would result in higher prices; we need to lower the cost of living in the country.
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13 Replies
@Altir-1358mos8MO
If inflation is causing people not to afford basic human things needed to live. Then raising the minimum wage would benefit a lot.
@RIPCharlieRepublican6mos6MO
@B7YB32T8mos8MO
@B7XYWDC8mos8MO
@B7Y9QJD8mos8MO
@B7Y6HKBPeace and Freedom8mos8MO
@9VJWYSY 8mos8MO
Raising the minimum wages results in higher wages, even when compared against inflation. The overall purchasing power of those in the working class (lower & middle class generally) increases faster and higher than the rate of inflation. So, while the nominal price of goods & services would increase, the real price decreases for most people because their wages increase at a faster rate. The people who would see a real increase in prices are those with high enough wages (the wealthy) whose wages would not nominally increase due to an increase in minimum wage.
@B7YJ8NF8mos8MO
Prices are already high enough people still cannot afford groceries or anything really. Raising the minimum wage will give more people a chance to get what they need. Yes we need to lower the cost of living in the country because it's way too much just to buy a simple house that even is one story there should be no way it's that much I understand bills and taxes but the home by itself should't be that big of a amount.
@B7Z6XT68mos8MO
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@B7Z29P58mos8MO
Money is our currency, it helps stabilize society and without it the world would go into crises, economies would collapse, we have put it as the core of our world and have become dependent on it. It's a transaction and money is at the forefront of it. If you can't afford it, time to take some sacrifices because times are moving and you're getting left behind, time to catch up.
@B7Y96YG8mos8MO
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