20 states just raised the minimum wage. It wasn’t enough.

The Washington Post ^ | January 5, 2015 | Danielle Paquette

[bgill]

Sheeple will never understand that every penny the min wage is raised is a loss of two pennies from their savings, their fixed incomes and the overall value of the dollar. The price of a loaf of bread and everything else they want to buy just went up double their piddly raises.

[bert]

-——Think that’s called inflation——

You have it...... inflation of wages is the purpose for which the gullible and seemingly trivial 3.1 million raise recipients are being used.

We have a national debt of $18 trillion. It is not possible to grow that debt away. The way to pay off the massive and incomprehensible debt is to inflate it away. That is, to devalue the US$ and thus the debt. For that to happen there must be across the board inflation of wages and salaries.

In a period of massive unemployment wage inflation is not possible absent civil unrest. The gullible bottom of the barrel wage earners have been politically induced to cry for an increase in the minimum wage. That increase is hoped to kick off a general wage inflation required to induce general price increases that devalue the US$ and inflate away the debt

The gambit is a political Hail Mary that will fail