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| Re: $15 minimum wage permits few luxuries in US cities (1190846) | |||
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Re: $15 minimum wage permits few luxuries in US cities |
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Posted by Nilet on Wed Jun 4 09:29:08 2014, in response to Re: $15 minimum wage permits few luxuries in US cities, posted by GP38/R42 Chris on Wed Jun 4 09:17:35 2014. No. An across-the-board wage increase cannot drive up prices by more than its own value unless wages are driven higher than the economic value of the labour performed (which is clearly not going to happen). |
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