Janey,
I beg to disagree, When a currency is devalued, (it's buying power is decreased), inflation occurs and the per unit price of commodities will appear to rise.
John,
Your two dollar an hour raise will be meaningful, in buying power, only if the devaluation of the currency results in an additional cost of less than 2 dollars an hour.
Another way to look at this is: Do I make any additional money by taking a job 20 miles further from home to make a extra $2.00 an hour? In this case my additional transportation cost can not exceed $16.00 a day.
I beg to disagree, When a currency is devalued, (it's buying power is decreased), inflation occurs and the per unit price of commodities will appear to rise.
John,
Your two dollar an hour raise will be meaningful, in buying power, only if the devaluation of the currency results in an additional cost of less than 2 dollars an hour.
Another way to look at this is: Do I make any additional money by taking a job 20 miles further from home to make a extra $2.00 an hour? In this case my additional transportation cost can not exceed $16.00 a day.
