There seems to always be talk and discussion about whether or not
the Minimum Wage needs to be raised. Some places, primarily on the
East and West Coasts have raised theirs. And rather than make things
better, it has hurt their economy.
Housing has become tight for lower income residents, and a significant
portion have been moving away from the city, making employers having to
pay substantial bonuses to those willing to stay.
John Maynard Keynes, one of the most notable economists of all times,
and who died in 1946, addressed the truth about inflation and brought
it forward to talk about minimum wages.
I did a short video explaining it. Click here
PARK AVENUE WEALTH ADVISORS, LLC
WILLIAM CHERRY, REALTOR