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Perhaps if they made the minimum wage a function of inflation, these shock changes wouldn't even be a blip on any company's collective minds? Set and forget.
by rhacker 7y ago
Perhaps if they made the minimum wage a function of inflation, these shock changes wouldn't even be a blip on any company's collective minds? Set and forget.
- dark567 7y agoThat kinda defeats the purpose of inflation though. Part of why Keynes was in favor of some inflation was to diffuse the effect of sticky wages, if that's the case you don't want to ensure wages stay sticky via law.