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

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  •  Keep this fact in mind... (1+ / 0-)
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    ShoshannaD

    ...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 ]

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