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Sat Nov-22-08 11:21 PM
Response to Reply #3 |
14. prices aren't yet falling on a year-over-year basis |
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social security cost of living adjustments are made annually, and presumably if the minimum wage were indexed to inflation it would be adjusted similarly, on an annual basis.
and one month of price decreases do not an annual adjustment make.
personally, i would be ok with the mandated minimum wage falling if we actually had a full year of negative price adjustments. note that employers might have a hard time actually cutting wages, though. actually cutting someone's wage does not go over well, so not all employers would actually do so.
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