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

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

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

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.