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There is nothing stopping us from legislating minimum rates just like we legislate minimum wages.
by cylinder 8y ago
There is nothing stopping us from legislating minimum rates just like we legislate minimum wages.
- malandrew 8y agoThere's also no stopping the resulting inflation. If you want to solve the cost of living problem, you're better off focusing on reducing the costs instead of raising the amount of money available. Housing costs in many housing supply constrained markets will easily absorb any increase in median income income in those markets.