Ol’ Qwerty Bastard

"Inflation is defined as a sustained increase in the general level of prices for goods and services. It is measured as an annual percentage increase. As inflation rises, every dollar you own buys a smaller percentage of a good or service."

basically by making mcdonald's (as an example) pay their employees more, you're making mcdonald's raise their prices which then means you're just paying more for your mcdonald's and these people aren't actually gaining all that much with their increased wage. obviously if it was just one company that did it we wouldn't have a huge issue, but if everyone gets an increase in pay (i.e up minimum wage) there will be inflation across the board. it's kind of like asking "why doesn't the government just print more money?"

__________________
Music Blog / RYM / Last.fm / Qwertyy's Journal of Music Reviews and Other Assorted Ramblings