Reply to How much raise should my wife ask for now with Biden and $15/h minimum wage?

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Reply to "How much raise should my wife ask for now with Biden and $15/h minimum wage?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think companies should pay a living wage. Why people feel like poor people should stay poor while CEOs remain rich as croesus is puzzling to me. (stolen from elsewhere) Jeff Bezos earns $150,000, pays warehouse workers $16/hr and you are mad with the poor soul packing boxes?[/quote]

You people fail to grasp basic economics. An increase in minimum wage puts pressure on all pay. Do you all think the prices of goods and housing will remain the same? Of course not. If labor goes up prices go up and we all end up back in the same boat again.  Of people can afford more house that's what they will do. It has the exact same impact low interest rates have had on housing the more money people can spend on housing the more they will. However it's not like housing conditions get any better as a result. Many people at this point are living in shit shacks. [/quote]

Why waste time arguing with people who don't understand?  Just invest into inflation proofed assets and let the (inevitable) cycle unfold.[/quote]

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