Quote:
Originally Posted by Aloha1
Why? So you get to $15. Every thing you buy goes up in price and you end up right where you started. Except, you've managed to put a ton of small businesses out of business because they couldn't afford to pay that wage. Those that could become the only game in town and have pricing power, so prices go up. A simple look at history is all you need.
BTW, love your quote because it sums up certain groups and media who want you to adhere to the party line as Orwell was stating.
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Prices go up whether workers are paid more or not. It's called inflation. If workers' wages aren't raised to keep up with inflation, the workers have less buying power, and this negatively affects commerce. So they have to raise prices for the people who DO buy their things, because there are more people who can't afford to buy their things and therefore the company doesn't sell as many as it could have, if the consumers were paid better.
Raising the wages helps restore the balance. It's not a fix. It doesn't do all the restoration by itself. It isn't the answer to the problem. But it is a step toward the problem's resolution.