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The issue really is wages have been flat for nearly 50 years. https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/chartin
by annoyingnoob 6y ago
The issue really is wages have been flat for nearly 50 years.
https://www.epi.org/publication/charting-wage-stagnation/ https://www.epi.org/publication/charting-wage-stagnation/
We need to fix wages, not provide handouts. I'm for helping people that need but UBI isn't the way to do that.
- tastyfreeze 6y agoTrue, wages haven't kept up with inflation that resulted from foolhardy monetary policy. Mandating increased wages is a bandaid on a gushing wound. We cannot continue debasing our currency and hope it makes a robust economy. A thriving economy requires a stable currency. Fiat by its nature is unstable.
- foobarbecue 6y agoGold was even less stable.
- tastyfreeze 6y agoThat is false. Over the long term the value of a full reserve gold backed currency is stable. When politicians print more money than they have in gold is when things start to go wonky.
- foobarbecue 6y agoI'm referring to the wild historical fluctuations in gold price that happened every time there was a gold rush, war, and / or run on gold.
- nickthemagicman 6y agoHow do you fix wages without gov't intervention? Because if what you're saying is true..with any unnatural gov't interference ...there will be inflation. (which is inaccurate by the way)
- annoyingnoob 6y agoI think we are going to have inflation. But it doesn't need to be Venezuela-style.
- nickthemagicman 6y agoDoesn't really answer my question.