I can understand the politicians wanting working people to have a decent wage however where do these people think the money is coming from? Businesses are in the business of making money so when they are forced to increase their wages the price for their goods is bound to go up to make up the difference. In other words the ones who will be paying for the cost increase will be the consumer, you and I. The price of milk, bread, eggs, ect will all go up. It has happened every time minimum wage increases, so isn't it all a relative thing anyway and that increasing wages will in the long run do nithing but devaluate the dollar? Can't they see this and work to fix the real problem,,,, the cost of raw material, employee insurance, health care, all that stuff that humans need and so on? In the end raising wages means nothing if prices go up. If it costs a penny or a nickel, a piece of penny candy is still a piece of penny candy. Am I wrong in my thinking? Thank you for your thoughts.
2007-01-09
05:43:18
·
9 answers
·
asked by
Anonymous
in
Economics