Having lived through a rapid 2x inflation 2 years ago, i think it's MUCH better than getting nuked.
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Minimum wages do not cause inflation! More money causes higher wages. Trying to reverse that is "buying a mansion to get rich".
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Interesting. Why is it bad (or good) then?
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Red states have enough currency for
$N money/month flow. Requiring 2x wages would halve jobs that can be animated by that flow. - 1 more reply
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if the price of a resource like oil doubled, the market would adjust for that. Why can't it adjust for more expensive labour?
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It adjusts by using less oil, aka unemployment.
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why do you think that? I don't think red states are that different from blue.
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the president only influences legislative policy, but controls nuclear force. (Plus there's an action vs reaction dynamic).
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fwiw, Clinton only supported a national $12 wage
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