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by bandrami 3204 days ago
I could understand getting mad if your pay was lowered, but how are you harmed if the other person's pay is increased?

We make all sorts of incredibly bizarre (from an outside perspective) decisions about who gets paid what; the fact that we've fooled ourselves into thinking that it's because of supply and demand curves may be comforting but is completely unfounded in any data.

1 comments

Where does all this "equalizing" money come from? Does it just pop into existence because you want it to?
Yes, in fact, for some value of "you"

https://en.wikipedia.org/wiki/Fiat_money

You can't create the amount of money you are talking about without severe economic consequences. That should be obvious.