Submitted by [deleted] t3_126nj8s in personalfinance
beretta01 t1_jeap51u wrote
Reply to comment by SpiritualCatch6757 in How does one stay sane after all these prices increases? It’s out of control by [deleted]
Devils Advocate here: remember the big push for $15/hr right before inflation took off? I remember the opposing side to that push saying the cost of living was going to increase due to such a large change to minimum wage. Here we are. Granted, a huge part of this is from printing money during COVID for unemployment(and people not returning to work….creating a huge labor shortage and massively unrealistic wages for unskilled labor) and the abuse of eviction moratoriums.
SpiritualCatch6757 t1_jeattew wrote
To be honest, I was just replying to OP's lament on minimum wage being low. Whether that is ultimately a good thing for inflation or the economy is up for debate. I don't think I have the information to be right or wrong.
However, if I was a young adult making minimum wage (and I did for a few months), voting for this change is the first thing I would do as that is a simple thing to exercise. I don't believe you have a right to complain until you actively participate in changing it. Right or wrong.
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