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To: central_va

“What people should be saying is raising minimum wage causes inflation. That is a legitimate argument to make.”

No, you have cause and effect reversed. Price increases for labor or anything else RESULT FROM inflation, they do not cause inflation.


30 posted on 05/11/2017 5:32:18 PM PDT by RipSawyer (Racism is racism regardless of the race of the racist)
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To: RipSawyer
What is 'Cost-Push Inflation'

Cost-push inflation is a phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

Link here.

32 posted on 05/11/2017 5:54:50 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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