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

27,947 просмотров • 1 год назад •via X (Twitter)

Комментарии: 3

Фото профиля Peter Schiff
Peter Schiff1 год назад

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

Фото профиля Vision Winter
Vision Winter1 год назад

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

Фото профиля FL_native
FL_native1 год назад

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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