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<blockquote data-quote="wkmac" data-source="post: 960783" data-attributes="member: 2189">Did not suggest high paying jobs would appear.&nbsp; What it does is put pressure on existing wages to rise.&nbsp; Just look over the most recent wages increases from our own contract in which an additional inflation factor was also added.&nbsp; This inflation pressure on wages unlike gas prices doesn&#039;t come overnight but in fact will occur over months and years.&nbsp;&nbsp; In any inflation cycle, prices go up well before wages follow.&nbsp; We&#039;re lucky because of a contract but in time this will begin to reach even the smallest employer and they too will have to follow suit.&nbsp; The minimum wage which in truth is nothing but a price support for aggregate demand is already seeing pressure to rise and we&#039;ll hear the typical spin from bothsides but in truth, big corp. America is really saying, &quot;Please don&#039;t through us in that briar patch!&quot;&nbsp;&nbsp; Corp. America knows to keep the Walmart profit lines (consumer spending) flowing at the checkout line, this is a necessary action but you&#039;ll see the pundits spin cycle come into play and the root problem of a fiat currency and it&#039;s inflation will never see the light of day in the public space.</blockquote>

[QUOTE="wkmac, post: 960783, member: 2189"] Did not suggest high paying jobs would appear. What it does is put pressure on existing wages to rise. Just look over the most recent wages increases from our own contract in which an additional inflation factor was also added. This inflation pressure on wages unlike gas prices doesn't come overnight but in fact will occur over months and years. In any inflation cycle, prices go up well before wages follow. We're lucky because of a contract but in time this will begin to reach even the smallest employer and they too will have to follow suit. The minimum wage which in truth is nothing but a price support for aggregate demand is already seeing pressure to rise and we'll hear the typical spin from bothsides but in truth, big corp. America is really saying, "Please don't through us in that briar patch!" Corp. America knows to keep the Walmart profit lines (consumer spending) flowing at the checkout line, this is a necessary action but you'll see the pundits spin cycle come into play and the root problem of a fiat currency and it's inflation will never see the light of day in the public space. [/QUOTE]

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