How is it that inflation can affect everything EXCEPT wages?
In: 143
Unless there is a product and service price freeze and minimum wage is raised twice, we won’t break the cycle. However, that’s more of a social economic issue that would become political. **Note: Not necessarily what I believe. This is just pure thinking about it.**
Example:
If prices for products and services froze for 1 year. And minimum wage was increased twice in that year in 6 month increment, then the following year prices could raise up a slight bit. While again raising the minimum wage one more time during the first 6 months of the new year. This would would be beneficial to some degree and give people breathing room and could possibly raise some out of poverty.
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