3 ms·

There's a difference between policies to increase working-class wages over the long term, & a tight immediate feedback loop. Runaway inflation is a serious deal

• falcolas 4y ago
  > Plus if everyone is auto-raising every employee, that would include lots of well to do professionals, not just those struggling Because no professionals are struggling? Given how some 80% of people identify as living month to month, and fewer have 3 or 6 months of emergency funds saved up, that seems like it's absolutely not the case. And frankly, everyone is ignoring the elephant in the room - corporate profits which are at absurd levels. Dial those back, and suddenly you don't have a feedback loop, since you can increase pay without having to raise prices. But Marx forbid we slow the growth of shareholder wealth to help society at large.