Oh Perfect World....

in #economics8 years ago

I went to pick my little guy up from day care yesterday and received a notice about prices going up January 1st by $100 a month.

Got KFC for lunch - their prices seem to have gone up overnight.

WHY?

Arizona passed a minimum wage hike from $8.05 to $12 by 2018. So January 1st those wages go to $10. In Flagstaff,AZ it passed to $15. $12 on January 1st.

My older son asks if my salary will go up to compensate for the now higher charges.... NO

But Why?

Because I am a salaried employee with degrees. I no longer count. So yes - I have to pay 34% in taxes to pay for someone on welfare who chooses not to work and for the differential in a person with no drive to own their talents to ask me if I want fries with that - which I don't.

Our world is going to hell.

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Not only are you taxed, but those on the very bottom of the productivity spectrum displaced from the workforce pay in their own way. Any and all price fixing is just retarded.

This reminds me of an entertaining Facebook group I came across. https://www.facebook.com/Robots4MinimumWage/

Monopolistic human governments come from hell. They are the cause of inflation. Not only as you have observed (by legislating increased wages) but by "quantitative easing," A.K.A. "printing money."

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