Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SMGFan

Minimum wages tied to the CPI? Welcome to the stagflation of the late 60s-early 70s.


5 posted on 02/14/2013 2:48:16 PM PST by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: VanShuyten

“Minimum wages tied to the CPI? Welcome to the stagflation of the late 60s-early 70s.”

...with automatic COLA in union contracts. It took a decade to remove auto-inflation from the economy...maybe the wake-up call was the last two years of the Carter administration.


18 posted on 02/14/2013 6:10:17 PM PST by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson