DO you believe increasing the minimum wage will cause inflation.?

Question

if you do , then we can assume correctly that lowering the highest paid workers would reverse inflation .
LETS leave minimum wage alone and reduce the pay of those making over 125,000 a year by 25% .that will reverse inflation for sure .you can not preach both sides of the equation and be right.
IT makes as much sense to blame inflation on minimum wage as it does to say that lowering the top pay would reverse inflation or does it .THE logic make sense if raising the lowest pay in america causes inflation and we have been told this for years .then reducing the pay at the top would reverse inflation .TRY telling or selling what make sense to people making 1,000,000 a year and see what they say to you .lol lol lol they just laugh it off like anything they refuse to accept as being the oppisite of what they believe they deserve . remember with out them to lead america we would be living with dirt floors still they have given us everything we have .thats so backward we gave it to them.

Answer 1

YES!!! Check it out.

Answer 2

Inflation is one of the primary indicators that a minimum wage is needed. It is an effect, not a cause. Inflation will continue to increase regardless if you raise the minimum wage or not.

A person who works 40 hours a week only makes like $11,000 per year, which is below the poverty line tax bracket when a family is involved. The goal of raising the minimum wage is to raise it above the poverty line. The argument, too, is that a majority of those who benefit directly will likely spend more putting the increase back into the economy. Therefore, any negative impact is negated.

You have to realize that inflation is a combination of many factors, with one of the biggest being the value of U.S. currency. As the value goes down and the amount of printed currency in circulation goes up, inflation will increase. There are other factors involved, but those are two of the biggest. Your idea of lowering pay on the richest Americans will have little or no impact.

Answer 3

So you prefer a socialist agenda that limis the free will and ability of those that work hard and make more money? What gives any government the right to limit what I can make with my own ability?

And your logic is completely flawed. Forced income limitations for those that succeed would not reverse inflation by any means. It would actually encourage people not to want to attain higher positions, destroying productivity within companies. Would the decision making in the companies be better with lesser qualified people making those decisions because those with the ability simply choose not to work because the benefit of proper compensation is not there?

You have to think of the true impact of minimum wage on inflation. The jobs that have the minimum wage pay are ones where discounts are the name of the game. Those low paying jobs help ensure the lower prices ata McD's, Wal Mart, or local corner store.

Now I am in total agreement that minimum wage should be increased periodically as the cost of living increases. But you have to also expect and anticipate the inflationary reprocussions of the action.

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Also remember that minimum wage was never intended for grown adults to live on. Minimum wage is a starter wage. If a person is 32 years old and trying to raise a family off of minimum wage, that person is at fault. If you do not change jobs, educate yourself, or advance in your chosen job after being in the workforce a while, it is not the fault of the government that you cannot support yourself. It is YOUR fault.

Answer 4

Yes, increasing the minimum wage will increse inflation in this country. It is because we live in a changing world that we have to be aware that there are many goods that use to be manufactured here in this country, now is manufactured in countries such as China, India, Bangladesh. Manufacturing in this country is going the way of the dodo bird. There is not much you can do about it, if you want to compete you will have to work for a lower wage than they do.
It all balances out, the minimum wage earners will make less, but will benefeit from lower priced goods. It is the higher wage earners that will benefeit the most.
If the minimum wage is raised it will only add to inflation and encourage existing manufacturers to re-locate production to a lower priced country.

Answer 5

It is the volume that counts: This is from a website "According to Current Population Survey estimates for 2005, 75.6 million American workers were paid at hourly rates, representing 60.1 percent of all wage and salary workers." If you increase minimum wages, business have to pay more and they will pass on that increase to the customers. Hence the inflation. People making more than 100,000 a year are to few to make a difference in national inflation.

Answer 6

of course - this is the only maximum inflationary ingredient different than devaluing the forex by government fiat. keep in mind while "all you may consume buffet" at Pizza Hut became 3.sixty 9? What replaced? the minimum salary. elevating the minimum salary additionally motives loss of jobs, and in lots of circumstances, the ultimate of agencies. the concept the minimum salary would desire to be a "residing" salary is stupid - it has continuously existed to furnish get right of entry to point income for faculty little ones, and section time workers - 2 married human beings earning minimum salary can stay extremely nicely if extremely frugal because that's better than 15 money an hour. i began out artwork while the minimum became .75 cents - all that has replaced is that each and every little thing expenses greater - a guy or woman paying for a 25000 homestead in 1956, could would desire to pay just about a million at present to get an identical place with an identical centers - those issues i comprehend from very own adventure. Had a neighbor who outfitted her homestead together with her husband herself for 6000 in 1952 - bought it some years later for 20,000 and concept that they had truly wiped clean up - she ended up in a nursing homestead, and had a stroke while an previous chum got here traveling and instructed her the homestead were bought after a small redecorate for 3million. the place Palo Alto California.

Answer 7

Increasing the mininuium wage by 50% since the Labour government has not increased inflation in this country by any significant amount. Pay rises linked to inflation are being degoratory due to this. The standard of living is going down but the cost of living (ie gas or other utilites and council tax has increased by five times of the rate of inflation).

Answer 8

Sounds ngood but then the rich don't invest which stimulates the economy and creates jobs. Raising the minimum wage is a good idea but it will cause inflation. But then the rich make even more to reinvest which stimulates the economy and creates jobs...but creates an unstable market and then the possibility of a stock market crash arises. In which the rich sell off and by bonds wait for the bottom to come and then reinvest which stimulates the economy and creates jobs...BLAH BLAH BLAH THE RICH GET RICHER
BREAK THE 2 PARTY STRANGLEHOLD ON POWER AND TRILLIONS OF DOLLARS THAT BELONGS TO THE INDIDUAL STATES.

Answer 9

What the idiots in Washington do not understand, and they keep saying things like "We raised the minimum raise, why aren't the people able to do more with their pay" ? Is because IF you raise the pay....you msut pay for it, how do you pay for all those raises? Raise the prices, what does raising prices cause....inflation. You got the right idea....but I think there should be a salary cap of like 500,000 put on all CEO's....not sure exactly what this would do....but there should be no inflation

Answer 10

Not to mention the fact that the wage of Union workers is based on the minimum wage, so they will all intern re-negotiate their contracts to reflect the increase.

Why do think Democrats always want to raise the minimum wage, they are beholden to unions.

follow the money.

Answer 11

That’s not how it works. There is a difference between the work that will one day be replaced by robot and work that requires intelligence and thought. The thinking workforce drives the economy and grows it, keeping inflation down by innovating and creating new technology and methods. When they make more money they perform better and they make a bigger impact on the world.