This video is presented in order to point out how ridiculous it sounds when someone screams about "inflation" as a reason why workers should not be paid enough to put food on their table.
Those who make that argument tend to ignore how much we are spending right now in tax dollars, in order to subsidize corporate profits. If employers don't have to pay their own labor costs, then the taxpayers have to pick up the slack through social welfare programs like foodstamps and Section 8 housing. I would much rather have the choice of whether or not to buy that box of mac n' cheese, for the extra penny, as opposed to being forced to pay taxes which go to support a corporation's labor force.
Of course, the entire notion that a living wage would lead to inflation is historically inaccurate. Just the opposite is true in fact. As wage standards have decreased, so has purchasing power, while inflation has increased.
Lower class workers tend to spend all or most of their paychecks. This means that more money in the pockets of workers, means more spending, which in turn means more job creation as well as more marketplace competition which will actually drive prices down, not up.
Also see:
90% of Americans Earn Less Than 1950 Minimum Wage Standard
Wal-Mart: Lower-Prices, Higher Taxes
Breadlines and Foodstamps (Infographic)
Wal-Mart says their customers are 'running out of money'
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