03-29-2009, 05:33 PM
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#11
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Professor
Join Date: Nov 2008
Location: the edge of the abyss
Posts: 1,947
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Quote:
Originally Posted by lookout123
No we don't. We have the ability to raise incomes across the board, thus bringing everyone above the current poverty line. Yippee! oh wait, what was the definition of inflation again? If minimum wage is $50K/year, within a short period of time it will cost $60K to be above the poverty line. That is how it works, like it or not.
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 It does not have to work like that.
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