In the United States there has been a lot of push to raise minimum wage within the country. The latest case is the airport and hotel industry as they have pushed to increase their minimum wage to $20. With all of these industries pushing for an increase in wage, will we get to the point where prices for goods will just raise and we will be back in the same place we are now?
https://www.nytimes.com/2019/11/03/business/economy/minimum-wage.html
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ReplyDeleteIf only certain industries raise their wage I don't think there will be inflation in the prices of goods and services. However, if there is a law that goes into affect about a national minimum wage raising then I wouldn't be surprised to see inflation.
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