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Replying to Avatar poe😱

"We need higher minimum wage!"

*Prices go up

"We need a higher minum wage!"

*Payroll increases. Supplier raises prices.

"We need higher minimum wage!"

*Prices go up. The slippage ratio increases.

"We need a higher minimum wage"

... Maybe the money is broken.

Even before I had any understanding on what "inflation" meant or what caused it. I knew that simply higher wages for adjusted costs of living wasn't going to fix fuck.

We'll all be millionaires someday. At this rate. And still won't be able to afford shit.

Or burn the bills because they'll all be centralized, digitized garbage.

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Highsselhoff 2y ago

Also, minimum wage prices the poorest and most unfortunate out of the market, increasing unemployment.

Just like rent controls increase housing shortages.

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