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Re: Do you think Congress should raise the minimum wage?

By: oldCADuser in FFFT | Recommend this post (0)
Sat, 14 Dec 13 12:34 AM | 46 view(s)
Boardmark this board | Food For Further Thought
Msg. 58902 of 65535
(This msg. is a reply to 58901 by Zimbler0)

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And just wait until "deflation" starts to erode the value of investments and assets, then the "1%" will be crying for Washington to do something to protect their wealth.




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The above is a reply to the following message:
Re: Do you think Congress should raise the minimum wage?
By: Zimbler0
in FFFT
Sat, 14 Dec 13 12:10 AM
Msg. 58901 of 65535

No.

What we need, is a slow rate of price deflation.

If things start costing less, then the current
minimum wage will buy more stuff.

Zim.


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