The Pomp Letter
The Pomp Letter
Inflation, Minimum Wage, and Free Markets
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Inflation, Minimum Wage, and Free Markets

To investors,

The federal minimum wage in the United States has been set at $7.25 since 2009. It has not changed even though the official inflation metric has increased significantly over the last 13 years. If you bought $100 worth of goods or services in 2009, you would now need nearly $140 to purchase the same goods or services.

This change in purchasin…

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