When the minimum wage goes up, how does the money cycle change?

When the minimum wage goes up, how does the money cycle change?
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Answer :

Inflation increases the cost of goods, the value of the money goes down. I remember hearing, back in the 70’s, that a dollar was worth 26 cents. Your money buys less and less, and the prices continue to increase. At the end of WWII, inflation was so bad in Austria, that they had to print 1 million mark notes and print them so fast that they could only print them on one side. It took a whole grocery bag full of these marks to buy a single loaf of bread.
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Last Answer : Inflation

What is the minimum wage in your area, and what would that wage have to go up to, to make it a minimum living wage?

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Last Answer : answer:It can't happen The minute that whatever minimum wage is imposed on employers, all goods and services will become more expensive either because personnel costs are passed on to consumers, or because ... about money at the 70K/year mark. So the daydream answer to your question is 70K/year.

Why are volunteers, and interns, exempt from minimum wage laws?

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Last Answer : You can look up the definition of volunteer. https://www.dol.gov/agencies/whd/fact-sheets/71-flsa-internships

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Is there actually a crisis as is claimed if people will not work minimum wage jobs if they can earn more on unemployment?

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Can asking for minimum wage put off one's job chances of for a famous fast food restaurant as a cashier?

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Last Answer : Maybe it wasn’t the fact that you requested minimum wage, which is what is expected as a cashier at a fast food restaurant. Maybe it was the lack of experience on your part. Maybe someone else had applied that has worked at fast food before, and they hired that person.

Do you think we should have a Federal Minimum Wage?

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Last Answer : You’re right – capitalism doesn’t work.

Are business owners exempt from minimum wage laws and overtime?

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Has there ever been a minimum wage lower than $0.00 a hour?

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Last Answer : A person needs income to live on. Slaves had to be given free room and board. They had to either have been given food or provided with land to grow their own. Volunteers get $0.00. Could ... responsible position? Some of them may donate cash or supplies. Would that make them earn a negative income?

Why are volunteers exempted from minimum wage laws?

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Last Answer : By definition, volunteers don’t get paid.

How high do you think a government mandated minimum wage should go?

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Last Answer : It should be indexed by inflation. Every year.

When is a proposed minimum wage hike too high?

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Last Answer : No. It balances out in the end. Costs go up and compensates for the increase.

How do you eat healthy while on a fixed income or minimum wage?

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Last Answer : For one, you need to re-read some of the answers to your questions that were similar to this one. There has been tons of advice from all of us on how to eat healthy on a budget. First, you ... I hope this will get you started down the road to a healthier diet, while still maintaining your budget : )

Should I have asked for anything other than minimum wage? (detals inside)

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Last Answer : Edit I applied as a cashier.

Has anyone in the world experenced a negative minimum wage or interest rate?

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Creeping prices, an effect of the raise in minimum wage in the future?

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If we have minimum hourly wage then what about a minimum monthly wage?

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