Reply to post: Re: inflation

Raising minimum wage will raise something else: An army of robots taking away folks' jobs

SkippyBing Silver badge

Re: inflation

'The fatcats said the same when the UK first introduced the minimum wage. I don't recall inflation being a problem.'

Presumably because there were other factors* driving inflation down more than the minimum wage was increasing it. It's very hard to correct for all the confounding factors in an economy.

*I'd suggest the creation of the Euro which I believe helped the Pound remain relatively over valued holding down prices in the UK.

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