Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
teamramonycajal · 3638 days ago · link · · parent · post: How does raising Minimum Wage not cause inflation?
I would say this turns into an ethical question and not an economic one: the price will increase, but is that really such a problem in exchange for a living wage?
If the price of goods increases relative to the increase in minimum wage than the "living wage" won't be a living wage and the minimum wage increase would have been for moot. It has to be an economic decision first, otherwise the ethical portion of it doesn't exist.