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GAINERS OR LOSERS?


Regarding the minimum wage, it was certainly a good idea to move it up, as long as those gainers realized that someone must provide the new monies they now receive. Unfortunately, the local and federal government championed this increase, as it now provided a wind fall in new taxes due to the increase in wages.


Compounding this situation, those who now enjoy the sought-after increase in wages are having to pay increases for everything to the tune of between 8-19%, and in some cases doubling, as their employers had to raise their prices in order to meet the new wages and everything went down-hill as to their new buying power. Every single provider of products and services had to pass cost down the line, as well as now every aspect of middle class and those in poverty are now experiencing run-away cost due to dramatic inflation.



Who really gained?

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