Quote:
Originally Posted by rubecube
That's not necessarily true and is very much an old-school, supply-side economics approach. Companies are only going to increase prices to a point where demand won't drop off. McDonald's isn't going to start charging $20 for a cheeseburger because their workers suddenly make $3/hour because they know people won't pay that much.
|
yes but as everyone is being paid more they will pay 20 dollars, that's literally how inflation works, you have more money so you are prepared to spend more money