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Discussion and Debate
Discussion and Debate
Politics
American Politics
Trump Tax Plan Gives Jobs Away to Robots and Will Increase Unemployment
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<blockquote data-quote="markham_67_carl" data-source="post: 72062865" data-attributes="member: 404623"><p>Money does not have the same "value" over time. That is why the analyses are in terms of either "current dollars" or "purchasing power".</p><p></p><p>What $7.75 can buy you today is very, very, very different from what $7.74 could buy in 1960.</p><p></p><p>In "real dollars" (constant dollars, or dollars adjusted for inflation) the minimum wage has actually decreased over time.</p></blockquote><p></p>
[QUOTE="markham_67_carl, post: 72062865, member: 404623"] Money does not have the same "value" over time. That is why the analyses are in terms of either "current dollars" or "purchasing power". What $7.75 can buy you today is very, very, very different from what $7.74 could buy in 1960. In "real dollars" (constant dollars, or dollars adjusted for inflation) the minimum wage has actually decreased over time. [/QUOTE]
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American Politics
Trump Tax Plan Gives Jobs Away to Robots and Will Increase Unemployment
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