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Minimum wage is not the primary driver of inflation, as inflation is always and everywhere a function of the money supply in a given economy. Don't take my word for it, just ask any economic textbook printed in the last 100 years.
Why is the goalpost moving though? I thought the story was "minimum wage isn't keeping up with inflation" and the minute I use the BLS to prove that minimum wage far exceeds inflation, the story now is that minimum wage drives inflation? Then why hasn't there been 75% higher inflation since 1938 to reflect that minimum wage is 75% higher than inflation, given that you now say minimum wage drives inflation?
No matter which one of your stories I go with, the actual numbers say you're wrong.
If the story is that minimum wage drives inflation, then the amount of actual inflation vs the inflation of the minimum wage doesn't add up properly.
If the story is that minimum wage isn't keeping up with inflation, then the already proven point that minimum wage is 75% higher than what inflation would predict means that story doesn't add up properly.
Is there another story you'd like to try, that might actually work with the facts? I mean, so far neither of the two you've tried have mathematically worked, so maybe invent a new one and we'll see how far that one gets before facts wreck it.
I guess we disagree on which era we should look at for minimum wage adjustments.
Here is the difference between your point and my point. You pick a certain data point that shows your point of few in the best light, I pick the intellectually honest data point (the beginning) to prove my point.
The most intellectually honest point is 1/76'th of the total program? At the start as they were trying to figure out what it should be?
This of course is the exact opposite of intellectually honest.
What? So you have some weird tangent moment? Seriously, you are losing grip on reality. Who is talking about chopping people's heads off?? That is just sick minded of you.
You have problem with reading comprehension.
You haven't provided any valid reason except for "XYZ country is doing it."
Well, just because someone is doing it, it doesn't mean we need to do it. A lot of countries do stupid stuff, are we going to follow suit? For example, other countries are chopping people's head off, are we going to do that too?
But that is the Utopian ideal for egalitarian leftists, get the entire country all treading water with their noses just above the surface of the water.
That has been the ideal for many a year.
Those that had money were enticed to spend it and they did in droves.
Early retirement and not counting on SS was my goal right at the start of my career.
In 2009 when my company was doing their quarterly mass layoffs I decided to go Galt and take early retirement. I was lucky in that I could make that choice.
None of the guys I worked with that last year are at the company anymore.
The last 2 got layed off last year.
You haven't provided any valid reason except for "XYZ country is doing it."
Well, just because someone is doing it, it doesn't mean we need to do it. A lot of countries do stupid stuff, are we going to follow suit? For example, other countries are chopping people's head off, are we going to do that too?
I have provided you with a valid reason and you chose to ignore it, so that really isn't my problem because I really don't care what you do and do not believe.
The US doesn't need to be like the third world country you ran from, that I do agree with you on.
I have provided you with a valid reason and you chose to ignore it, so that really isn't my problem because I really don't care what you do and do not believe.
The US doesn't need to be like the third world country you ran from, that I do agree with you on.
So your valid reason is "XYZ country is doing it?"
Let's assume that's valid but no country is doing it.
So pick 2009 and go from there.
Nobody was crying in 2009 that it wasn't enough.
everyone was crying it wasnt enough. But they figured "hey we're in a MASSIVE recession, so everyones hurting, this is just our part of the pain". Then of course we started a recovery, that all went to the top 1%, and everyone now is going "uhmmmm...wait...what about us?"
everyone was crying it wasnt enough. But they figured "hey we're in a MASSIVE recession, so everyones hurting, this is just our part of the pain". Then of course we started a recovery, that all went to the top 1%, and everyone now is going "uhmmmm...wait...what about us?"
Such a disconnect from the actual economy.
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