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this post was submitted on 15 Nov 2023
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General Discussion
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We definitely don't want that, since that hurts everyone, sapping value from wages and savings. I'm definitely not an economist. I was just thinking about how long we go in-between minimum wage increases and how it impacts prices every time it goes up. I was wondering if it would have less of an impact if it was raised incrementally instead of sudden big increases.
It probably does yeah. You can clearly learn sth about power within our system by seeing which jobs adapt their wages to inflation first. Aside from the ones who are in high demand anyway.