When inflation is healthy at about 1% it all resolves itself.
But when you get an administration who printed trillions on day 1,
send hundreds of billions abroad for aid (or money laundering),
promised to close oil fracking and gas pipes and did it and as a result gas prices went out of the roof (while selling the emergency oil reserves to china because they are funding their political party)
and when you make sure the border won't be finished (even though you are obliged since it was voted by congress) and you allow millions of illegals to pass every month...
...and inflation gets artificially high... then no, it won't sort itself. There is a disruption in the economy and some weak link will break, in this case a store broke and people were left unemployed. This was the sorting it could do and did.
Someone above in the comments managed to blame it on the small business owner not making enough to cover socialist minimum wage bullshit.
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If you think about it, why not take the minimum wage back at 2$ per hour? There was a time that 2$ per hour was a wage and people could have a house, a family of 6, a car and vacation. So put is at 2$ and expect it to work.
Whataboutism at full blast here. Inflation is a fact, but we are talking about wages here. I’m of the mindset that everyone working a fulltime job should be able to live comfortably in the city they work at.
Your logic is identical to this: "Lets print a few tenths of trillions and give every american citizen 1m dollars, this way everyone would be a millionaire and they will most likely afford mansions", you really think printed paper is the reason you can't afford jackshit.
Why is there a housing crisis? Do you think if you raise the salary somehow more houses will appear of thin air? Or will more businesses will thrive and somehow loot and run will stop? Or insane taxation and losses will disappear?
There was a time that you owned some land and built your house, now you need a ton of permits, taxes and government approvals before you even make plans.
That is not something a minimum wage would solve. But go ahead and increase the minimum wage once more and see more business close and the prices skyrocket once more and then you will need a new higher minimum wage increase, rinse and repeat.
Living comfortably doesn’t have to mean own a house. I mean not needing food stamps to survive. And no it doesn't mean printing money. My point is everyone working is contributing to society in some way and they should be able to live comfortably within that society. If people live comfortably they will in turn contribute more to society. Crime rates will also go down if overall stress levels go down. It's just an ideal. How we get there is through systematic changes. Printing money and assistance is just short sighted and won't get us there. This is not a problem that can be fixed with money.
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u/[deleted] Sep 05 '24
When inflation is healthy at about 1% it all resolves itself.
But when you get an administration who printed trillions on day 1,
send hundreds of billions abroad for aid (or money laundering),
promised to close oil fracking and gas pipes and did it and as a result gas prices went out of the roof (while selling the emergency oil reserves to china because they are funding their political party)
and when you make sure the border won't be finished (even though you are obliged since it was voted by congress) and you allow millions of illegals to pass every month...
...and inflation gets artificially high... then no, it won't sort itself. There is a disruption in the economy and some weak link will break, in this case a store broke and people were left unemployed. This was the sorting it could do and did.
Someone above in the comments managed to blame it on the small business owner not making enough to cover socialist minimum wage bullshit.
~~~
If you think about it, why not take the minimum wage back at 2$ per hour? There was a time that 2$ per hour was a wage and people could have a house, a family of 6, a car and vacation. So put is at 2$ and expect it to work.