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by eropple
3556 days ago
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Let's be really real for a sec: minimum wage does not, in any meaningful way, drive demand-pull inflation. Minimum wage doesn't even track the rate of inflation. This is macro-averse horsepuckey. This position of abolition of minimum wage is not seriously held by any macroeconomic experts except on the extreme far right. There is a reason that wage floors, in lieu of GMI, are accepted by even centrists: because the alternatives are literally unconscionable. Further: capital is greedy. It's functionally unable to be anything else. Throwing labor a bone once in a while is not, desperate hair-shirting aside, going to somehow kill it and destroy the jobs, homgz. |
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