I feel like we need to get inflation under control and prices back to reasonable, rather than making sweeping pay changes across all industries, while prices soar, and our currency valuation falls. Changes that are too drastic and far-reaching can cause the entire economy to collapse and our currency to falter.
I feel like we need to get inflation under control and prices back to reasonable, rather than making sweeping pay changes across all industries, while prices soar, and our currency valuation falls. Changes that are too drastic and far-reaching can cause the entire economy to collapse and our currency to falter.
What if we pegged minimum wages directly to prices? So it doesn’t matter how much prices rise - the wage is pegged to them, so it rises accordingly.