>raise minimum wate
>prices go up
>too poor again
>raise minimum wate
>prices go up
>too poor again
>raise minimum wate
>prices go up
>too poor again
>raise minimum wate
>prices go up
>too poor again
>raise minimum wate
>prices go up
>too poor again
∞
Can Sanderkeks or anyone who wants minimum wage refute this?
>lower corporate tax rate
>prices don't go down
>>55380638
You forgot the part where tax brackets stay the same so despite the fact you make the same real amount of dollars you now pay a higher % to the government
Also their debt to gdp goes down so they can borrow even more
>implying prices will go up to the point where we will be back to where we started
The cost of hiring employees is not the sole factor in pricing decisions senpai
>>55381768
Its a major factor and will have a huge effect on prices
>>55381866
Not for all industries.
>>55381886
what industry is not affected by labor prices?
>>55381504
Or you know you could simply not buy things.
>>55380638
If the economy's productivity raises 1% a year and you raise nominal wages by 3% percent, prices will only go up by 2%. You will have 1% higher real wage.
>>55380638
> Only having a Fox News reporting level of understanding of economics
Being spoon-fed media lies does not a strong argument make.
>>55382200
So now raising the minimum wage will not affect inflation?
>>55380638
Just get the government out of people's lives. Things will be better
>No minimum wage
>No income tax
>less red tape meaning easier to get people jobs, and faster
The stupid people will remain poor and die off hopefully, the smart ones will become rich.
Cut government spending by 75% in all fronts. Only taxes are a flat rate sales tax. If you were working for the government and you get fired because we cut funding? too fucking bad. I went through that same shit. Get used to it. Find a new job. Adapt and overcome.
>>55382413
only if interest rates at 0% are kept.
>>55382667
>Just get the fire department out of people's lives. Fires will be better
>Just get the FDA out of people's lives. Food will be better
>Just get the DOE out of people's lives. Nukes will be better
>>55380638
The price of a good is only partially determined by minimum wage labor. If 30% of the cost of a burger is labor, then doubling wages for said labor will only increase the cost of producing the burger by 30%. So prices may increase, but by a lesser percentage than wages.
Also, more wages for workers eliminates some corporate welfare in the form of food stamps and other government assistance for workers working a full time job who still are at/below the poverty level.
>raise minimum wage
>prices go up marginally
>corporate welfare decreases
>more consumer spending
>>55384797
>burger costs 3 bucks
>one of those dollars is for labor
>minimum wage is doubled
>now labor is TWO dollars
>burger still costs three dollars
>>55385178
>burger costs 3 bucks
>one of those dollars is for labor
>minimum wage is doubled
>now labor is TWO dollars
>burger now costs 4 bucks
