nealtw
Contractor retired
Higher wages = higher prices. I don't see how anyone can argue this isn't the case.
No one can force the market to adjust wages up while holding prices level. It just won't happen.
So those minimum wage workers who get a temporary raise will see it dissipate as prices catch up. And everyone who was already making more than minimum will see their buying power lessened unless they receive a proportionate raise, which will be a hard sell since it's not mandated.
The real losers are people like me, retirees who can do little to increase our income as prices shoot up.
I guess it would be safe to assume you are a member of the middle class. You haven't kept up with inflation for 30 years. Prices go up whether the min. wage moves or not. It is true companies that have min. wage employees will have trouble moving everyone up the ladder and they will have to because they do pay more important employees a little more, but that happens pretty fast, as soon as they figure out all their compeditors have the same problem.
It is true that the real losers are the ones on fixed income, but we have choices on how we look at that. You might of been a lower pay scale so you couldn't afford to save for your retirement or you just choose not to bother.
The world dosn't stop when we get off the merry go round.
And to be fair, you don't have to buy a wardrobe or special boots for work, or pay for transpertation 5 days a week or babysitting, and hopefully you have paid off you education loans. As well as the fact you could choose to find a location with a cheaper cost of living.
These are just thoughts in general and not ment to be a personal attack.