Comment Re:Start paying people normal salaries (Score 1) 177
So... just never increase it ever because there might be demands for increases in the future?
Come on guy I know you're capable of better than this.
I want to discuss - Can you point out where I said there can never be demands for increases. I just notes a possible outcome.
Point is, if everyone near the Minimum wage gets a raise, What is. likely to happen, is that expenses will increase. If people at the bottom suddenly make 50 K per year, all of the people who get "bumped" up will have more money, and prices will rise to reflect that. And soon, it's a continual inflationary spiral.
With a more rational increase there will be less inflationary impact. It is basic supply and demand.