Let me tell you what some other people say, though: 1  The EWGâs Skin Deep Database lists it as a 5-6 (or moderate hazard), but trying to find the studies they used for their rating proved difficult, and the ones I did find were the nebulous âborax or boric acidâ test studies.
1 This is so because, my nominal wages have increased by 10% while the average price level (CPI) has increased by only 5%. 2  Thus today (in 2010) with my higher nominal wage ($1100.00) I can buy more than I could buy last year.
And many unions tie their prevailing wage rate to the minimum wage. So an increase from $7.25 to the desired $10.10 (or even more in some places) would mean a nearly $3 raise for everyone in America. That will have two primary effects. . . 1) price increases and 2) layoffs.