Quote:
Originally Posted by Timpo
I know I'm missing something, but it may not be all bad thing?
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It's a balancing act. If minimum wage goes up to say $15 like how everyone wanted it to.
Then the price of a happy goes to up $10 for the sake of argument.
Like the RE prices, your actual income hasn't gone up, so your buying power has decreased.
Cars is one of those items you don't buy on a regular basis so the impact of that is less.
But food, gas, general merchandise that people use on a daily basis goes up.