Gary23 Wrote:
Mar 03, 2013 7:35 AM
When prices go up, pay goes up, not minimum wage. Businesses make more, they pay workers more. Minimum wages go up, businesses charge more to make up the loss of profit. If wages stay the same, and prices go up, profits are higher, giving more money for wages. The only way this doesn't work is when costs go up. Then prices go up with no increase in profits.