Quote:
Originally Posted by Dupcheck
It is happening. The wage increase effect in Ontario is now being felt across the consumer stores.
We were at Costco last night and a lot of their pricing is now up. For example a 6 pack of white chunk tuna was $14.99, i could not believe it. It used to be $11.99…
So the wage increase:
1. “so Called Helped” the poor get back to the same level where they were before the wages. (give some now and take some later in form of higher prices)
2. Hurt the Middle Class by taking away in price increases, since they did not see any benefit from min wage increase.
3. Businesses might not feel most of this, since they find ways to get their loses back by increasing the prices.
So there you have it! The money will always trickle back to the top, as the middle class shrinks and poor have the short term illusion of making more.
|
No offence, but how is this relevant to the London forum? Do we really need to make a new thread about this?
Threaded Mode