notacat

joined 2 years ago
[–] notacat@mander.xyz 0 points 2 years ago

The idea that a minimum wage increase causes inflation is a Fox news fantasy, not real life.

“Historical data supports the stance that a minimum wage has had a minimal impact on how companies price their goods and does not materially cause inflation.”

https://www.investopedia.com/ask/answers/052815/does-raising-minimum-wage-increase-inflation.asp