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Neptune

What happened if the minimum wage goes up?
Nov 05 2017 11:13 AM
  • Dave's Photo
    Dave
    It means that you will be able to have a higher standard of living until capitalism decides it likes its class system too much and raises the prices on everything to keep the glass ceiling firmly in tact.
    Nov 05 2017 12:27 PM
  • Komali's Photo
    Komali
    It means that under normal circumstances more people will lose their jobs more or less, because companies don't want to pay for higher wages. It doesn't mean that prices will rise, because the price level depends more on the demand and not on wages.
    Nov 05 2017 01:13 PM
  • VisitJoan's Photo
    VisitJoan
    More people will actually be able to live off of their incomes.
    Nov 05 2017 04:02 PM