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A comment on The Effects of Major Retailers Raising Their Minimum Wages. Parent comment

Re:The Effects of Major Retailers Raising Their Minimum Wages by vanveenada on Monday December 06, 2021 @10:21AM (#29460769)
this is an example of "price stickiness." People selling goods tend to let the price stay at whatever level it's currently at longer than is strictly rational. Because prices tend to be sticky, wage-driven inflation tends to result in real gains for wage-earners.
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Re:The Effects of Major Retailers Raising Their Minimum Wages by ethanbond on Monday December 06, 2021 @10:24AM (#29460816)
(Temporarily)
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Re:The Effects of Major Retailers Raising Their Minimum Wages by vanveenada on Monday December 06, 2021 @10:41AM (#29461066)
Correct, because nothing lasts forever in this fallen world. That said: the amount of time spent in a state of wage-driven inflation -- setting up the situation where temporary moments of price stickiness result in increases of effective demand that in turn hot up the economy as a whole -- is the thing we want to maximize.
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Re:The Effects of Major Retailers Raising Their Minimum Wages by ethanbond on Monday December 06, 2021 @10:48AM (#29461154)
Totally! We can also go ahead and tax away all the gains captured by landlords on the unimproved value of their land (definitionally price movement that is not due to them).
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Re:The Effects of Major Retailers Raising Their Minimum Wages by vanveenada on Monday December 06, 2021 @11:09AM (#29461468)
found the Georgist!
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