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Thomas Sowell explains how inflation undermines the value of the minimum wage — a very wise take.

27,947 次观看 • 1 年前 •via X (Twitter)

3 条评论

Peter Schiff 的头像
Peter Schiff1 年前

Correct, that is the only good thing about inflation. That's why higher inflation can decrease unemployment.

Vision Winter 的头像
Vision Winter1 年前

@IsaacNelsonX17 Inflation erodes purchasing power—minimum wage hikes can't keep up. Sowell nails it.

FL_native 的头像
FL_native1 年前

Minimum wage and inflation are exactly what makes a person see that money is not real. It's an idea. Completely arbitrary and fluid in value.

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