Reply With QuoteI can still get a weeks worth of vegetables for $10.
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I want to go back to the talk on removing Minimum wage to cause deflation in the US.
First, wouldn't it basically put us in a terrible position (Which seems to be the requirement for any financial changes) as the economy adjusted to the new prices? I mean wouldn't it take several years for people to make $2 an hour and still be able to live even remotely well?
Secondly, wouldn't it in the end greatly hurt the value of the dollar? Inflation is bad, but so is deflation. CNN just did a pretty good report on how far in different parts of the world you can get with $10. In Thailand you can get a weeks worth of Vegetables, whereas in America significantly less so due to the value of the dollar. If all of a sudden you could get the same, then that would mean the dollar has significantly weakened. Or is the idea that it wouldn't have that drastic of an effect on the dollar?
What kind of significant difference are we looking at if you removed minimum wage, just more low paying jobs creating more room for low class instead of poverty class citizens and not affecting the rest?
I can still get a weeks worth of vegetables for $10.
No one wants to eat your butt fruit
You'd be surprised.
Pontius is my Co-Pilate
Life is so much better when you stop giving such a shit about money and status.
Boo, Hiss.
Thanks for letting us know.
Originally Posted by icarusfall
You watch this last night?
can't wake up
I care about money, since I didn't have much growing up. Not status though. But I like my job so it's okay.
i drink it up!
Starting a business is easy. Just make money.
Pontius is my Co-Pilate
Not like that. Just being ok with less.
Boo, Hiss.
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