Friday, June 27, 2008

NPR's take on high prices

SO listing to NPR the other night I was surprised by the gust they had on.
He was talking about how it was a good thing that the prices for everything are going up, because that would mean that everyone’s income would go up. He justifies this by using the example of the cost of living increased that most people get every year. He stated that although everything is going up, it our buying power would not change because our incomes would increase as well.
My response would be to remind him that everyone’s income already was raised about a year ago when congress raised the minimum wage. This affected everyone’s income, not just the ones making minimum wage.
So at that time most people got the adjustment he is referring to, really our buying power is going to decrease for a while. Of course that’s just what I see.
No-one wants to talk about the effect of raising the minimum wage.
I saw the effect of it because I work currently for minimum wage and tips, but it caused the price change to our pizzas, because the stores labor costs when up.
O well I guess because it make the liberal feel better that they raised the wage fro millions of Americas, they don’t really care affect it has. Then NPR will defend it.

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