To: GeronL
So, those already making $8.25 get to see price hikes that compensate without getting a payraise themselves. Meaning those who make close to the new minimum are actually going to be worse off. What happens is that the people making 7.25 to up to 8.25 . Everybody gets about 13% raise and then the price of everything goes up about 13% and the only winner is the IRS.
4 posted on
02/14/2013 2:47:46 PM PST by
oldbrowser
(They are marxists, don't call them democrats)
To: oldbrowser
Historically, prices go up more than 13%, so they have a net loss.
7 posted on
02/14/2013 2:57:12 PM PST by
Ingtar
(Everyone complains about the weather, but only Liberals try to legislate it.)
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