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Replying to Avatar Rajat Soni, CFA

Increasing the minimum wage will NOT change the average person's standard of living

The businesses that employ minimum wage workers will just increase prices to maintain their profits

Without profits, there's no point in running a business

Costs will just rise to make up for the wage increase

Increasing the minimum wage by 50% will feel great for a few months, but when the cost of staple foods increases 50% as well, don't be surprised

We need to move to a form of money that doesn't steal from the people saving it

This form of money is #bitcoin

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e95851ea... 1y ago

Thats supposed to be a thumbs down

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