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  1. Re: $15 NY min. wage already causing layoffs, reduced hours, higher prices

    yea, seems like inflation to me...... less purchasing power etc....

    which is all the consumer cares about...

    if i call it "less purchasing power" you'll agree? the term isn't important.... the...
  2. Re: $15 NY min. wage already causing layoffs, reduced hours, higher prices

    that theory presupposes a known and controlled money supply, fractional reserve lending leads to a HUGE amount of "shadow money" that is almost impossible to track.

    either way, I was speaking of...
  3. Re: $15 NY min. wage already causing layoffs, reduced hours, higher prices

    There's more than one cause of inflation, "economics" rarely has a single causation to its phenomenon's.


    https://www.economicshelp.org/blog/11503/labour-markets/effect-of-minimum-wage-on-adas/...
  4. Re: $15 NY min. wage already causing layoffs, reduced hours, higher prices

    $15 min wage is insane.. what inflation rate will that cause; double digits surely..
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