Quote:
Originally Posted by WTF
Damn , not sure why so many are opposed to minimum pay , it has the same effect as restricting the labor supply.
Of course that small nugget will be lost lost on some, evidently it has already lost some.
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Unfortunately I see the price of goods going up considerably in the near future.
If the minimum wage is increase to, say, $15, that increase will be passed on to consumers.
Corporations have to meet revenue targets. If they raise worker's wages, they either see their profits go down or they raise prices of the goods they sell.
Tariffs will raise the prices of many goods significantly. I have already seen the impact on washing machines.
The new USMCA, although details of the agreement are not fully known, could raise prices of some goods, most likely automobiles built in Canada and Mexico.