Quote Originally Posted by Stemis516
in the way that i understand it, thats how they measure inflation...by looking at price levels
higher prices are the result of inflation. inflation is an increase in the money supply. this is the view from the austrian school of economics.

Quote Originally Posted by Mississippi Steve
Its real simple... employers have a certain profit margin they have to maintain to keep their doors open and have a little left to re-invest in their business/company to replace worn out and outdated equipment, etc.

Employers are in business to make a profit.

When the minimum wage is raised, the employer has 3 choices.... charge more for their products/services, or lay off people, or close their doors.
exactly. minimum wage is one of those things that sound nice to everyone, but really hurts everyone.