Quote:
Originally Posted by HyperMOA
Not that I totally disagree with much of what you are saying these comments made me laugh. Especially when they are written right next to each other.
You realize that $15 increase of minimum wage you applaud, caused the inflation you complain about in the next sentence. Well not the inflation of the last year obviously, but I’m pretty sure you know what I’m saying.
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I didn’t applaud anything, actually. I stated what took place, aside from the third and last two paragraphs, perhaps.
As for realization and complaining… A bit of a personal disclosure. I had majored in Economics and Mathematics for nearly four years before quiting and switching to something else (like a complete dumb***, I should add - I had less then a semester left to graduate, probably with honours - and great regrets on my part, lol). While I am fairly certain I would fail or, at the very least, “wouldn’t do well” if I had to take most of the tests that I aced back in school because it was a while ago, my understanding of how basic things work is just fine, I am sure
On the subject of inflation and minimum wage in Alberta in particular, have the prices been affected that much by the increase in minimum wage? Well, not really, or not nearly as much as people think they have. All of us here lived through it. Here is some visual data from the Government of Alberta (who took it from the Government of Canada) for the past five years:
While looking at the data, here is a bigger picture and one that explains why people were collecting 18% or whatever someone mentioned on their GIC’s back in the early to mid 80’s:
This is also somewhat of a preview of what we should expect in the near future.
Edit: This would probably be helpful too when looking at the graph above (which starts at 1980):
P. S. There is no “optimal” rate of 6 or whatever percent some people have mentioned.
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