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Joined 5 months ago
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Cake day: February 9th, 2025

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  • my two cents (and if my upvotes are any indication my two cents is worthless) the real problem is that when you raise the minimum wage, you build an opportunity for companies to raise the prices on everything, and then we get into an inflation problem.

    Example, my home state can raise minimum wage from 9 to 12 dollars an hour, but that 25% increase in pay would be all the excuse Walmart would need to jack up the prices to cover their loses;

    Not saying we shouldn’t have a working/livable wage, but we gotta do something that forces companies to pay the workers more, and the owners/CEO less some how. Like an inverse tax calculation that benefits the company for paying lots of people more, instead of just the few at the time a premium.

    I’m sure an economist can explain this better.