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| Topic | Let's see if we cn get every minimum wage job to pay 20 per hour. |
| adjl 12/27/22 3:49:52 PM #16: | Count_Drachma posted... Overlooking that we've seen massive inflation in recent years partly thanks to increases in wages (and -- in some industries -- continuing supply chain disruptions) Due to increases in wages, or due to the fed injecting $1,500,000,000,000 into the stock market over the course of half an hour because rich people started panicking in the early days of the pandemic, followed by oil companies deciding last winter that the war in Ukraine was enough of an excuse to double the price of gas (which has a downstream effect on the cost of everything else) so they'd have a bigger pile of money to spunk into? Like pretty much anything in economics, trying to pin anything on any one factor or completely rule out the effect of any others is generally a bad idea, and I don't doubt that wage increases have had some impact, but to cite wage increases as the primary driver when there are so many other factors that are obviously more significant is pretty out of touch. --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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