The Tech Industry Is Building a Vast Digital Underclass

Re:The Tech Industry Is Building a Vast Digital Underclass by ricardobeat on Wednesday July 24, 2019 @06:38PM (#20520734)

Raising minimum wages and inflation are very, very different. It affects the lower end of the income spectrum in a very disproportionate way, and does not cause an equivalent raise in prices, there is an entire universe of other economic factors at play.

I mostly wanted to point out the incongruity in your putting down of the article/author, when your argument is based on superficial assumptions.

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Re:The Tech Industry Is Building a Vast Digital Underclass by core-questions on Wednesday July 24, 2019 @06:56PM (#20520921)

> Raising minimum wages and inflation are very, very different.

Not so different, in terms of how they impact purchasing power. If anything, though, inflation is more egalitarian because it impacts everyone and everything.

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Re:The Tech Industry Is Building a Vast Digital Underclass by perl4ever on Wednesday July 24, 2019 @07:44PM (#20521271)

Only a couple percent of hourly workers make minimum wage or below. That's why people keep saying raising it doesn't create inflation that cancels the raise out. Most of the inputs to a typical basket of goods are not minimum wage labor.

See: https://www.bls.gov/opub/reports/minimum-wage/2017/home.htm

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