Businesses may respond by rasing prices which can lead to reduced demand if consumers are unwilling or unable to pay more, it also leads to social unrest and political instability. The minimum wage should increase if inflation in increasing.
@B6LGRCQ2mos2MO
This is extremely logical. Why wouldn't our pay rise if they price of everything we need in life is rising?
@B6LBQZ2 2mos2MO
I completely agree with this take, but if I had to give a counter argument it would be that too high of wages may hold back the government from proper military spending to kite foreign actors in war-prone regions.
Loading the political themes of users that engaged with this discussion
Loading data...
Join in on more popular conversations.