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Yes, really. To understand it, just change the currency, where 1 minimum wage is the unit for every price.
by informatimago 8y ago
Yes, really. To understand it, just change the currency, where 1 minimum wage is the unit for every price.
- acchow 8y agoSo you're saying raising minimum wage is just a way to increase inflation - both wages and prices go up. I'm not sure the data really supports this. Let's suppose it does. Then don't forget raising the minimum inflates away some debt and wealth as well. Which will help people in debt. And moves wealth away from those who have it.
- FranzFerdiNaN 8y agoAnd yet here we are, with corporations having trillions of dollars doing absolutely nothing of value with it. With central banks printing trillions of dollars and euros to give to corporations. And yet barely any inflation worth mentioning. But giving workers a wage to live on? Absolutely impossible, think of the inflation!