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Democratic Governance (lemmy.world)

submitted 7 months ago by [email protected] to c/[email protected]

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[–] [email protected] -4 points 6 months ago

Because it would enter an infinite feedback loop where everyone would be paid minimum wage and the ultra rich would be even richer. Inflation only makes for an excuse for the rich to widen their profit margins.

Minimum wage should go up when inflation goes up, but so should all the wages. The way to fix it is effective policies that diminish the inflation itself to a reasonable amount.