Skip to main content

View Diary: New York minimum wage increase being blocked by Republicans would give 880,000 workers a raise (77 comments)

Comment Preferences

  •  Keep this fact in mind... (1+ / 0-)
    Recommended by:

    ...when some people support economic policies designed to spur inflation.

    Inflation benefits those with first access to money and credit, and those with hard assets. Even with increases in the minimum wage, minimum wage never quite maintains purchasing power. Minimum wage workers have close to zero bargaining power. Inflation just increases their costs to the benefit of those who already make more money than them.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Mon May 28, 2012 at 07:09:56 AM PDT

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site