Results 21 to 28 of 28
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04-05-2013, 03:39 PM #21Senior Member
Does raising minimum wage cause inflation?
No. I think you might be confusing causation with correlation. Minimum wage is periodically raised to help keep up with the effects of inflation, but not to cause it. Having a means of credit and money as debt helps perpetuate inflation in my opinion.
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04-05-2013, 03:40 PM #22Senior Member
Does raising minimum wage cause inflation?
Originally Posted by jonquest
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04-05-2013, 04:18 PM #23Senior Member
Does raising minimum wage cause inflation?
Originally Posted by IgotQuestions
has anyone checked bit coin lately, it is now larger that some national currencies. this could be the solution to artificial induced inflation i hear.[align=center]:s4:
bring \'em all home.
[/align]
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04-05-2013, 07:05 PM #24Senior Member
Does raising minimum wage cause inflation?
Well inflation has little difference between fiat and deposit currency, more with the facilitation between production and trade. When you do increase the money supply, it becomes increasingly worthless which is the main definition of inflation. However, this can be offset by production and/or trade in the real world growing at the same rate of increased creation of debt (which is money, because without money there could be no debt and the other way is true as well).
The Government who prints the money (fiat currency) only makes up about 5% of total monetary value in the system. Money gets created and destroyed every second of every day. Do you wonder where the bank gets its money to give people who take out student, auto, home, or any other types of loans? It simply creates it out of nothing and writes it into your account or check for you.
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04-05-2013, 07:22 PM #25Senior Member
Does raising minimum wage cause inflation?
its a silly question. minimum wage increases dont cause inflation to rise. its the reaction to it that does. all the way from you having more money to spend, employers feeling like they have less so bump up their prices etc etc etc etc.
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06-23-2013, 10:27 PM #26Senior Member
Does raising minimum wage cause inflation?
hello. i like the avatar. cat-on-cat cruelty makes me happy. i see you have lost interest here. it was a good question. every time people begin answering economics, my head hurts. more pay does equal higher value for what the market share can support. it is greed, plain and simple. dollar values have been causing an internal devaluation of our currency with the systemic bail outs, rampant printing and spending, and bank-to-bank lending at near zero percent. our dollar keeps buying less and less, so stuff costs more and more= internal devaluation. eventually we will be using the money for wall paper once again- and future antique treasure hunters will discover these walls coated with worthless dollars of today- and make a fortune. today, the dollar is worth less than 5% of its value after the last great depression. prices do remain relative to what the market will support, but those poor people suffering at the base of human dignity need to be active consumers, and not just survivors, for a robust economy. if you are paying more than 25% of your income for rent or mortgage, i recommend you hook someone in a similar situation- to share the expense. tough times, indeed.:thumbsup:
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07-01-2013, 05:42 AM #27Senior Member
Does raising minimum wage cause inflation?
Actually, things cost less today than they do in the 1930's compared to that of what the minimum wage is.
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08-23-2013, 07:49 AM #28Junior Member
Does raising minimum wage cause inflation?
Contrary to most merchants, Costco is siding with Obama in his call to increase the federal minimum wage to $9 an hour. In fact, it would do the President one better, supporting a minimum hourly wage of $10.10.
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