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Economics Discuss Inflation hits 6-year high, wiping out wage gains for the average American at the Political Forums; Originally Posted by GetAClue My point about the minimum wage was to highlight a great example of things that would ...

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Old 08-17-2018, 08:29 PM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

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Originally Posted by GetAClue View Post
My point about the minimum wage was to highlight a great example of things that would artificially inflate the dollar, thus driving inflation. It was a real world example that is easy to understand for those that are intellectually challenged.

I see it went right over you head.

As for your assertion about the market being "rigged", can you provide examples to back up your claim, or are you just doing your normal "drive by" with baseless accusations?
how does $7.25 an hour inflate the dollar?
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Old 08-18-2018, 01:04 PM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

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how does $7.25 an hour inflate the dollar?
That is an interesting question.

Obviously, one cannot live reasonable well--perhaps not at all--on just $7.25 per hour. (For a 40-hour work week, that comes to just $290 gross--and less than that after deductions.) And even in low-cost-of-living areas of the country, that is not much.

But it is possible that some unskilled workers are not worth even that; they simply do not contribute much to the economy.

It is possible, therefore, for even a minimum-wage worker to contribute to inflation.
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Old 08-20-2018, 07:45 AM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

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Originally Posted by saltwn View Post
how does $7.25 an hour inflate the dollar?
When the value of the work being performed is less that $7.25.

But once again, my point went straight over your head. I would explain it again, but I don't believe you have either the desire or ability to comprehend the explanation.
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Old 08-20-2018, 11:15 AM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

Inflation at a 6 year high???? Please ponder that thought...... That means inflation was higher 6 years ago??? when the economy was stalled out under Obama??

Does anyone remember hearing about that great news? I'll bet Salty and the left were A-OK with the inflation then. We had Zero interest rate hikes because

the Feds said our economy was too fragile. Was that good news 6 years ago?
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Old 09-21-2018, 03:06 PM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

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Many say that bitcoin is nonsense, but in fact it is already seriously entrenched and became digital gold. So, it's pointless to talk about it.
Here we go!
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Old 09-30-2018, 04:12 PM
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Default Re: Inflation hits 6-year high, wiping out wage gains for the average American

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Here we go!


Quote:
Originally Posted by BeeMeR!!!
Many say that bitcoin is nonsense, but in fact it is already seriously entrenched and became digital gold. So, it's pointless to talk about it

………………………


………………………………………………
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