But awkward for those who get nothing instead. Like I said, at this point, raising the minimum wage is probably better than nothing. But it's not the best intervention here.
The problem here is treating either 'workers' or 'consumers' as a single, solid block of people who experience things together. If - as the majority of studies suggest - there is a disemployment effect, you will have two groups of worker/consumers...
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...one group will experience wage gains that more than cancel out the price increases. The other group will be unemployed and facing higher taxes, reliant on a social safety net which has not meaningfully been enhanced.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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