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A comment on The Tech Industry Is Building a Vast Digital Underclass. Parent comment

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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