| SamuelRSmith said:
You said "people supporting policies that intentionally create inflation". I understand what QE is. Most people, if they knew what it was, would not support it. Politicians, their cronies, and state-funded academics support inflation, people don't. QE distorts the market, as does minimum wage legislation. If you want to have a debate about something, debate fixing the problem at its route cause with QE, don't debate advocating for more market distortion. Market distortion is a sugar rush, a heroin injection, it feels great at first, and it seems like it's working, with time it'll rot the very core of the economy and the only way to keep feeling normal is to distort the market by larger and larger degrees, killing off more and more of the core, until it all just packs right in. |
It isn't a distortion, it's a correction. Regardless of why we have inflation, as long as we have it, we need to continue to correct minimum wage so that people don't fall into poverty simply because their paycheck isn't worth as much as it used to be - even though the dollar amount is the same.
| -CraZed- said:
Instead of raising minum wages we should be raising awareness and education on how to become economically viable through earning, saving and investing. We don't even teach check writing or budgeting in schools anymore. |
There's a lot of truth in that! Nobody teaches common sense anymore.
It does not, however, negate the need to adjust wages with inflation. It's simply a necessity of an economy with constant inflation.
