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A comment on A brief history of nobody wants to work anymore. Parent comment
Studies on local minimum wages (such as Seattle's aggressive ratcheting) suggest that low-end wage increases have negligible effects on inflation.
This has a pretty obvious basis when you consider that the 1% and especially the 0.1% have an overwhelming majority all the money in the economy.
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Studies on local minimum wages (such as Seattle's aggressive ratcheting) suggest that low-end wage increases have negligible effects on inflation.
This has a pretty obvious basis when you consider that the 1% and especially the 0.1% have an overwhelming majority all the money in the economy.