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A comment on Fed Ends Zero-Rate Era. Parent comment
Reality disagrees :) Germany introduced minimum wage recently and the opposite of your prediction happened.
The argument didn't match reality because it completely ignores the growth of purchasing power that is a consequence of higer wages.
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Reality disagrees :) Germany introduced minimum wage recently and the opposite of your prediction happened.
The argument didn't match reality because it completely ignores the growth of purchasing power that is a consequence of higer wages.