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Reply to "Minimum wage rises, employment holds steady..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Why not keep up with inflation every year?[/quote] How about not causing heavy inflation in the first place. A little bit is natural. But printing $$$ endlessly for every want and debasing the currency is what causes inflation. [/quote] OP here. Have you ever lived during a time of high inflation? Haven't had really high inflation in 35 to 40 years. How about Americans cut down their borrowing, credit cards anyone, to buy crap they don't need. Gotta trade up from that 55 inch to a curved 70 inch?[/quote] I lived in high inflation, specifically the Carter years, when we bought down our interest rate from 15 percent to 12 percent to buy a house. Agree about Americans incurring debt to buy useless junk that us either in their toilets the next day or dumpsters on a year and contributing to pollution Items are so cheap and cheapened that no one cares about quality or durability As I left for work this morning, the curbs in my middle class neighborhood were piled with boxes and the junk that was replaced by contents of the boxes. [/quote]
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