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Alright, fuck Republicans, I'm onboard with that.
Living wage, I'm onboard with that too.
Fuck landlords as well, I'm waay onboard with that.
How about we raise minimum wage, but also regulate the hell out of several sectors so that the wealthy don't just consume whatever we raise it to with obscene inflation, otherwise what's the point?
I had to scroll to the bottom to see this. This is what happens every time the wage increases. No point in increasing the wage when everyone else increases the price. Can't agree with your statement more.
The prices are rising without a matching increase in wages. The increase in wages has no significant impact on the increase in prices.
It's just about chasing a never ending profit that's higher than last quarter's profit. It was never about inflation, it's the cancer that is unregulated capitalism.
No need to increase prices if you convert all employees to perma-lancers and then eventually outsource the labor to another country.
Also, this article is written by a Wall Street trader and frequently says things like "A strong cohort of economists believe a national minimum wage increases inflation." I'm not sure if this is the slam dunk you think it is. I'm not even against raising the minimum wage, but worker protections have to be done at the same time or else something's got to give, and it's not going to be profit.
Just tie minimum wage to inflation
If you do that you will give even more incentive for the government to underreport inflation.
Also inflation usually measures consumer prices. Ever wonder how education, healthcare, housing, and most other major expenses can increase significantly faster than inflation? This is why.
If your rent goes up, its not inflation. If the cost of chips goes up it is. Tie it to a better metric.
I guess we'd need a better system for measuring real inflation then
It's crazy that inflation doesn't take these things into account.
We gonna let passage of broader more difficult to pass reform be a prerequisite for increasing the minimum wage?
Sounds like making the perfect the enemy of the good to me.