Re:Job loss predictions over rising minimum wages haven't co...
by rhacker on Monday November 25, 2019 @02:57PM
(#21632114)
Perhaps if they made the minimum wage a function of inflation, these shock changes wouldn't even be a blip on any company's collective minds? Set and forget.
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Re:Job loss predictions over rising minimum wages haven't co...
by dark567 on Monday November 25, 2019 @03:40PM
(#21632545)
That kinda defeats the purpose of inflation though. Part of why Keynes was in favor of some inflation was to diffuse the effect of sticky wages, if that's the case you don't want to ensure wages stay sticky via law.