I’m all for it, but I’m curious what the impact on inflation might be.
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The largest wage increase in human history happened during the black plague. Skilled workers salaries jumped 20X. “Unskilled” 4X.
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Sure but the news is pointing at all this "inflation" like in housing so business types say cut rates cut spending
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Wages only fix the problem if they rise faster than inflation.
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The backlash is interesting because so few have ever experienced this. Labor has an upper hand? The horror!
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Evergreen tweet, see FDR.
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The good news has to start somewhere. Employment & wage rises are economically good places to start.
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It's time we left behind the toxic culture that requires economic "losers" & "winners". We are the richest country on Earth. There should only be winners. This doesn't mean socialism, communism, or redistributing wealth, it just means our billionaires will be slightly less rich.
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