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by Tarq0n
31 days ago
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It's not just minimum wages. If productive sector employees' demand for goods causes inflation, prices will rise. If you want to keep your nurses/doormen/teachers you'll have to increase their wages regardless of what the minimum wage is. |
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I'm not sure what you mean. Prices rising is what we call 'inflation' - one doesn't cause the other. They're the same thing.