[quote=spdrun]Those $15 min wage jobs will be automated away really quickly. Who needs a Mickey Dee’s cashier when you can have a touch screen?
But why are you hoping for it? If you’re interested in the same things most people on this board are, it will increase the competition to buy cheap r.e. and rent it out.
What’s in it for you unless you’re getting $10/hr?
As far as deflation, if it happens with rates at zero, there may be little that can be done to prevent it (QE4 would be seen as an acknowledgment of economic failure, which might actually speed the process).[/quote]What’s in it for me? One simple word: inflation. I’m hoping for a repeat of 70s/early 80s, when wages were inflating like crazy. Look at what happen to rent and housing price then and you’ll understand why I want $15/hr. Better yet, lets go straight to $25/hr.
I got what I needed. Now, lets inflate away my debt.
