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pickle... is this inflation?

Posted on: February 16, 2024 at 10:52:37 CT
Spanky KU
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"If the wage goes up by 10 percent the price goes up by two percent," said Professor Ashenfelter. "This is not a projection, this is based on the facts on the history. Historically when minimum wages go up, about 20 percent of the increase is passed through in prices. That's the way it's been for decades."

https://abc7news.com/california-new-law-fast-food-workers-wage-increase-higher-prices/14170142/
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pickle... is this inflation? - Spanky KU - 2/16 10:52:37
     if everybody gets a 10% increase, how do you do that - tigerinhogtown STL - 2/16 11:09:50
          a business giving raises isn't an increase in the money - ashtray UF - 2/16 11:14:42
               I didn't say "a business" - I said everybody - tigerinhogtown STL - 2/16 11:19:34
                    what in the world are you talking about - pickle MU - 2/16 11:28:57
                         if money supply stays steady, increase in costs is not due - tigerinhogtown STL - 2/16 11:32:38
                    everybody? - ashtray UF - 2/16 11:20:50
                         wages have increased not based on demand, product cost has - tigerinhogtown STL - 2/16 11:29:31
                              that's not an increase in money supply (nm) - ashtray UF - 2/16 11:31:24
                                   the increase in money supply resulted in increase prices - tigerinhogtown STL - 2/16 11:36:54
                                        no, I think you're confused on what 'money supply' means - ashtray UF - 2/16 12:16:43
                                             "increase in money supply RESULTED IN increase prices" - tigerinhogtown STL - 2/16 14:55:58
     no(nm) - CulturedDan MU - 2/16 10:55:17
     50,000lost jobs is not a big thing to libs....nm - tigertix MU - 2/16 10:55:13
     no (nm) - pickle MU - 2/16 10:53:20
          You is dumb - Spanky KU - 2/16 10:58:25
               that is incorrect - pickle MU - 2/16 11:04:07
                    You is dumb - Spanky KU - 2/16 11:13:38
                         oh no! The IMF! - pickle MU - 2/16 11:18:13
                              Oh no! Actual economists! - Spanky KU - 2/16 11:23:58
                                   keynesian nonsense (nm) - ashtray UF - 2/16 11:28:32
                                        You is dumb also(nm) - Spanky KU - 2/16 11:29:39
                                             general price increase is a result of inflation - pickle MU - 2/16 11:37:08
                                                  How do you explain the different inflation rates between - Spanky KU - 2/16 11:50:21
                                                       your conception of inflation is wrong (nm) - pickle MU - 2/16 12:14:18
                                                            Nope.... you are confused - Spanky KU - 2/16 12:15:46
                                                                 no (nm) - pickle MU - 2/16 12:18:23
                                                                 no, yo're confused because you buy into keynesian theory - ashtray UF - 2/16 12:17:42
                                                                      Nope.. You are confused because you make up your - Spanky KU - 2/16 12:24:32
                                                                           neither of us are making up a definition - pickle MU - 2/16 12:30:11
                                                                                Nope.. As I have shown you(nm) - Spanky KU - 2/16 13:06:03
                                             nah, I think it's pretty obvious who the dumb one is - ashtray UF - 2/16 11:31:57
                         don't need to compliment pickle's position like that(nm) - CulturedDan MU - 2/16 11:14:08
               that's like asking McDonalds what's to blame for rising - CulturedDan MU - 2/16 11:00:33
               lol.. the IMF (nm) - ashtray UF - 2/16 10:58:51
                    he’s an idiot - pickle MU - 2/16 11:09:31




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