|
|
|
|
|
|
by chownie
961 days ago
|
|
|
Increasing wages correlates with inflation, but it's a _very_ weak correlation. In most industries labour does not make up the lion's share of business expenses. Studying minimum wage increases between 1978 and 2015: > we find prices grow by 0.36 percent for every 10 percent increase in the minimum wage. https://research.upjohn.org/cgi/viewcontent.cgi?referer=&htt... |
|
|