The following is a 3 message exchange between 4 users
@9FTBBDW8mos8MO
I think no and it’s because the people who control the minimum wage also controls the amount of inflation in the US currency, so it basically makes no sense except to make the Rich richer and the poor poorer.
@VulcanMan6 8mos8MO
But wouldn't that at least ensure that inflation cannot be increased without forcing wages to also increase with it? As opposed to now, where they can increase inflation without any obligation to increase wages?
@TermiteFrankLibertarian8mos8MO
That's a valid point. Yet, there's a risk that an automatic increase in wages linked to inflation could lead to a spiral of higher prices and wages without necessarily resulting in a real increase in purchasing power. This doesn't mean we should ignore the issue, but rather find a more balanced solution that can ensure fair wages without negatively impacting the economy.