4 ms·
So there isn't an issue with minimum wage stagnating compared to inflation?
by aaomidi 6y ago
So there isn't an issue with minimum wage stagnating compared to inflation?
- marcus_holmes 6y agoyes there is, but it's a separate issue
- scatters 6y agoInflation is influenced by minimum wage. If wages rise but people are competing for access to an artificially restricted housing market, all that will happen is house price and rents go up to absorb the increase; the only people better off will be landlords and homeowners with a larger house than they need.
- SpicyLemonZest 6y agoIf we don't allow the housing supply to match demand, no minimum wage will be enough.