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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by sokoloff on Saturday February 25, 2023 @10:02AM (#34937158)
Do you have even the slightest doubt that unemployment would rise significantly if the minimum wage were suddenly raised to $100/hr? I am certain that it would.
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Re:Analysis finds Australia’s inflation being driven by comp... by lordnacho on Saturday February 25, 2023 @02:35PM (#34939687)
My guess is it would. But the point isn't whether it should be $100, my point is we should use evidence to tell us what we're trading for what. If it's $100 minimum and great depression, I want to know that. If it's $100 and unemployment grows by 2%, I want to know that.

If we don't use evidence we choose blindly.

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