Posted by Bruce from Can. on January 11, 2018 at 17:54:33 from (76.69.31.140):
In Reply to: $11 minimum ? posted by Spook on January 11, 2018 at 11:58:23:
I think it is fair to say that raising the minimum wage is in truth only a sign of the diminishing value and buying power of a dollar. Most things cost about ten or more times what they cost in the 60's. Therefore the minimum wage will need to be ten times as high too , to allow the worker earning that wage the same buying power. It is called , "inflation". Your money in the bank becomes worth less and less , because of the low rate of prime lending, and interest paid on money in savings accounts and bonds. So to hedge against inflation , you must invest in some thing tangible, like gold, or real estate for example. Maybe even old tractors, if you buy the right ones.
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