How inflationary is the federal minimum wage rate?

Oct 2009
510
88
Cliffside Park, NJ
How inflationary is the federal minimum wage rate?

Although labor contributes a substantial portion, labor is only a portion of aggregate products' costs; (this is true even among service products). The federal minimum wage rate effects Low-wage labor and has extremely little proportional effect upon higher wage rates, it is not among the primary causes of U.S. dollar's losing purchasing power.

The federal minimum wage rate's purchasing power's much less a cause and much more a victim of U.S. Dollar's inflation.

The federal minimum wage rate's purchasing power's purpose is the reducing of incidences and extents of poverty among USA's working-poor.
Respectfully, Supposn
 
Jul 2014
15,274
9,380
massachusetts
It's the goal to have the dollar lose value, if we don't have some inflation, everything will collapse, it's all built in, if inflation stops, the economy dies.
 
Oct 2009
510
88
Cliffside Park, NJ
Ol Bern just gave us a primer in how to control wage overhead. He gave his staffers a raise to $15 per hr, that magic number. Then cut their hours so he could meet budget. This is close on the heels of his much touted pile=o=cash he raked in.
Bernie Sanders to cut staffers’ hours to meet $15 minimum wage mark
OBTW, how is it that Dems running for office can get away with paying their loyal staffers minimum wage anyway?
Clicker II, we cannot choose to operate in other than the environment within which occupy.
I doubt if Republican candidates staffs are paid more than those of Democrat's. But on this issue, the federal minimum wage rate, Democrats are closer to my own populist view.

A nation's economic goals should be to provide them median family incomes of the highest sustainable purchasing power. That in turn, will provide the nation with superior median living standards.
If we believe the consequences between alternatives favor the immediate S & P index to the detriment of median families immediate and sustainable incomes, we should favor median families rather than Wall Street.

You're not implying it's Bernard Sander's "pile=o=cash" for his own gratification? Respectfully, Supposn