Saturday, December 18, 2010

Paging Paul Krugman: Copy Paper Up 40%

As of July 24, 2009, minimum wage in the United States was $7.25/hour (before taxes). At the beginning of 2010, minimum wage barely bought you a pre-tax $6.79 ream (500 sheets) of paper at Office Depot. By the end of 2010, that cost had skyrocketed to $9.49 per ream, nearly a 40% increase, writes Janet Tavakoli.

Paul, there's deflation in this price increase, somewhere? Right? Paul?

1 comment:

  1. I wonder if Krugman knows that the price action of goods in this economy is a carbon copy of the price action of copy paper.