Yep that's right Starhawk, and guess what determines a rise in minimum wage - inflation. This whole system is in place to avoid the nightmare, you think you're living in.
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"All morons hate it when you call them a moron." - Holden Caulfield
No when inflation goes up, wages go up. Not, the other way round. Also let me get this straight, you're a student and you're in the higher tax bracket?
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"All morons hate it when you call them a moron." - Holden Caulfield
Price-wage spiral, it goes both ways. Workers will try and gain increases in wages to match pace with price rises. Prices must rise in order for employers to maintain their businesses with increased wage demands. And so one and so forth. Your economic scenario is still BS.
inflation will go up in the long run as wages increase
but as far as I know inflation is set by the bank of Canada, and thus doesn't fluctuate very much depending on economic performance, and is used more as a tool to affect the economy.
I assume you mean the official cash rate is set by the Government reserve bank, and that allows a control of inflation to an extent. It only has so much control though I assume.
And you think stores are keeping to that? I hope not because they aren't. And the moment they see the increase in effect their prices are going to go up.
You get near the equivalent of your tuition and books back after taxes. Usually students don't make enough to actually pay taxes. I doubt Starhawk actually paid any taxes this year that he didn't get back.
Oh right, there was I thinking he was paying full taxes.
[QUOTE=8919614]Originally posted by Starhawk And you think stores are keeping to that? I hope not because they aren't. And the moment they see the increase in effect their prices are going to go up.
A little while ago you were arguing that the whole poverty situation can be solved by raising wages. Now you take an entirely different tact and argue that if wages are raised so will be the cost of living. This defeats your whole argument, by your hand.
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"All morons hate it when you call them a moron." - Holden Caulfield
When was this? Are you speaking of your province? And I don't hate the Conservatives. Mike Harris was a great premier, I don't agree with all the things he did but I prefer him to McGunity any day.
KMC Community Forums
May 14th, 2007 01:33 AM
