Serious question. When wages go up, prices go up to get enough profit to pay the higher wages and invest in growth. Right? So if wages go up and prices go up, how does the increased wage help you get ahead? You have more money to buy things that cost more than ever. Makes no sense.
Also, say you have a burger flipper making 10.00 an hour. And you have the team leader making, 12. 00 an hour and a manager making 16.00 dollars an hour. If you give the first two raises to say, 12.00 and 14.00, don’t you have to give the manager a raise too? Where do the raises stop?
Okay so yeah. I’ve never been to business school or owned a business thats obvious. I’m working on common sense here. I’ve just never understood why the lefties think that higher wages is a cure all. To me it defies common sense.
Trying to use common sense and logic to understand the left is like trying to teach your cat to fix your car
Same thing happens when they raise the “minimum wage”. If it goes from $7 to $7.50 then everyone in between had to be raised. And what happens to the person that started a few years ago at $7 and worked up to $8? The new floor of $7.50 now basically ignores their advancement and so they want $8.50 or more.
The concept of minimum wage is marxist.
It’s called wage-push inflation and the effects are well-known.
It leads to higher unemployment and a slower economy eventually.