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The problem is that minimum wage has never overtaken inflation. So in fact the minimum wage has effectively fallen over the last 60 years. Plus, the gains in pr
by hackinthebochs 15y ago
The problem is that minimum wage has never overtaken inflation. So in fact the minimum wage has effectively fallen over the last 60 years. Plus, the gains in production due to automation has worked to concentrate wealth at the top. The point is we can't say regulation wouldn't be effective considering trends of income distribution.