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A comment on When Stockton gave people cash, they got jobs. Parent comment

Re:When Stockton gave people cash, they got jobs by txsoftwaredev on Tuesday May 11, 2021 @02:18PM (#27121508)
They can raise wages, and some companies already have (Chipotle). But they will pass that cost on to the consumer and now your worker's raise is negated as inflation eats it up.
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Re:When Stockton gave people cash, they got jobs by GcVmvNhBsU on Tuesday May 11, 2021 @02:53PM (#27121986)
The assumes the price of goods outpaces wages raised. NYC minimum wage buys you more McDonalds in NYC compared to Alabama. So the cost of goods in NYC has not risen past the gains in wages.
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Re:When Stockton gave people cash, they got jobs by arcticbull on Tuesday May 11, 2021 @03:52PM (#27122680)
Inflation is actively managed by the Fed, they can simply constrain supply of money. There's almost no world in which this doesn't happen anyways, given the macroeconomic climate.
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