@derryb said:
unfortunately rising wages always lag behind rising prices. Wages get raised because there is a need to raise. Imagine if there were no need.
What would such a world look like? Is there incentive?
@derryb said:
unfortunately rising wages always lag behind rising prices. Wages get raised because there is a need to raise. Imagine if there were no need.
Stabilizing prices is one of the mandates imposed on the FED by congress.
For 80% of America where the rank and file work and live wages haven't come close to keeping up with inflation. This has been going on for decades and, despite anecdotal evidence of a handful of wage increases going primarily to those who already have the highest wages/incomes, will continue as income inequality continues to expand.
What's wing with income inequality? Should an electrician that can install 10 outlets in an hour get paid the same as one who can do 20? Or should one who assumes risk be rewarded the same as one who doesnt?
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What would such a world look like? Is there incentive?
Knowledge is the enemy of fear
What's wing with income inequality? Should an electrician that can install 10 outlets in an hour get paid the same as one who can do 20? Or should one who assumes risk be rewarded the same as one who doesnt?
Knowledge is the enemy of fear