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Jacksonville Jaguars Fan Forums Other Stuff Political Talk Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms


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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms

  • Offline EricC85
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#145
03-18-2015, 01:04 PM

Quote:Because their money is losing value when it's just sitting there.


Imagine you have $500,000 in 1970. In 1974 that same $500k no longer has the same buying power. It only has the buying power of $393k.


But that's not a good thing it just discourages savings and encourages spending especially debt driven spending.


Using inflation to influence economic decisions is a very dangerous game.
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Eateries in Seattle are beginning to shutdown as $15 dollar minimum wage looms - by EricC85 - 03-18-2015, 01:04 PM



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