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But what is the end game here? Salaries are also the prices we pay for services/products. If everyone has higher salaries than everyone has to pay more => Infla
by ralfd 5y ago
But what is the end game here? Salaries are also the prices we pay for services/products. If everyone has higher salaries than everyone has to pay more => Inflation. And we are back to square 1.
- colanderman 5y agoThe price we pay for services and products also depends on the cost of energy, raw materials, real estate, etc., required for those services and products, the price of which is fairly independent of minimum wage and is determined by supply & demand.