this post was submitted on 02 Aug 2024
-23 points (20.5% liked)
Progressive Politics, Gun Control, Single Payer Healthcare and Free Abortions for All!
589 readers
4 users here now
We like leftists and liberals.
We want to ban all guns.
We want free healthcare.
We want UBI.
We don't mind being taxed.
We want to give everyone a free abortion!
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Increasing minimum wages reduces the value of everyone else's money. Companies never take a hit from these increases. They always pass on the cost into the product or they shut down locations.
Every time government increases the minimum wage, the poverty line goes up as well. It's turns into a never ending inflationary cycle.
You can't just increase the minimum payment, because at the end of the day, the money has to equal some type of value. When the government forces a value, it reduces the value of everyone else's money.
@djsumdog @breadsmasher @realcaseyrollins Agreeed!
The other major factor on inflation, WAR SPENDING!
Inflation is Government created.