A Boring Dystopia

9751 readers

903 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

givesomefucks@lemmy.world

905

"but- But- inflation go brrrr 🥺👉👈" (lemmy.world)

submitted 5 months ago by Bezzelbob@lemmy.world to c/aboringdystopia@lemmy.world

129 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] ironhydroxide@sh.itjust.works 3 points 5 months ago (1 children)

Honestly, I think there's 2 ways to think through this. Way 1: Magically the minimum wage is increased, and everything about the legislators stays the same.

This would increase inflation, as what's causing inflation is the lack of legislation and enforcement. Thus allowing companies to raise prices and profits unchecked.

Way 2: The legislators change in such a way that it's logical and possible to raise the minimum wage. Also logically other legislation would be passed to reduce the unchecked greed.

This would not increase inflation on it's own, and likely would keep it to a healthy minimum.

I think most who complain about the minimum wage talks can only imagine the first way.

[–] MrVilliam@lemmy.world 1 points 5 months ago

I'm not entirely sure why minimum wage hasn't been anchored to inflation, but I'm sure there must be a good reason because I'm not exactly an economist and there's no way that smarter people than me haven't thought of that.