4 ms·
Couldn't believe that shit when I heard it. I wish I could find the interview, but at one point someone brought up the question of wages going up and he basica
by JustBreath 3y ago
Couldn't believe that shit when I heard it.
I wish I could find the interview, but at one point someone brought up the question of wages going up and he basically said "Don't stress we'll get that under control soon"
"That" basically meaning poor people.
- cj 3y agoIt's not objectively good for wages to increase. As an extreme example, if the minimum wage went to $100/hr, inflation would skyrocket because demand for goods would skyrocket which would send prices for just about everything to the moon. A metric that matters a lot more is purchasing power. It's better to make $10/hr if a dozen eggs cost $2 (20% of your hourly wage), compared to making $20/hr with a dozen eggs costing $6 (30% of your hourly wage).