FletchforFreedom Wrote:
Mar 08, 2013 8:46 AM
BTW, you really need to work on your comprehension skills. He chose the 24% and 33% figures because those are the amount the MW is to be raised and the percentage to get to $10 respectively. And he did NOT argue that wages are the driver of inflation. The Big Mac example was not about wages driving prices but the point that if you raise the price of Big Macs fewer of them will be bought AND if you raise the price of workers fewer of them will be bought (hired). Do try to keep up.