Quote:
Originally Posted by Guest
What happened to the past help when the minimum wage went from $1.50 over the years to $10.00???
Very, very simple. Increased wages = increased cost to suppliers = increased prices to consumers = need for more increased wages to compensate for the new increased prices = increased cost to suppliers = increased prices to consumers = need more increased wages.
GET IT?
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Before the civil War, the cotton and tobacco farmers paid no wages. They must have done very well and the cost to consumers must have been very low. Probably will never get back to that.
Get it?