Most welfare is sub 30k to qualify. 15 per hour is just over that. You raise min wage bring in illegals, and subsidize them with welfare never raising the public facing number.
The government sees inflation as the key to paying back its ridiculous debt. By destroying your savings, and making everything twice as expensive, the government debt in real monetary terms decreases (instead of 100 bars of gold, because the dollar is cheap, its now 30 bars of gold).
That said, the min-wage increase is just to buy the votes of the economically ignorant.
That would only be true if they were intending to actually attempt to pay off the debt. They won't be doing that. The intent is to devalue the currency to the point that people can no longer ever afford anything and will be stuck with the, relatively, more accessible rental options.
They made that very apparent with the whole, "you will own nothing and enjoy it" speech at davos.
The minimum wage increase will make people unemployed and crush small businesses, but it won't be the cause of the inflation. That honor falls to the massive money printing going on these times.
It's probably so they can crush any small businesses left so all that money and sales can go to Amazon. And I wonder how much goes to the big guy?
Most welfare is sub 30k to qualify. 15 per hour is just over that. You raise min wage bring in illegals, and subsidize them with welfare never raising the public facing number.
More money given to people who are irresponsible with money is a win for corporate America.
Bread will be $5
The government sees inflation as the key to paying back its ridiculous debt. By destroying your savings, and making everything twice as expensive, the government debt in real monetary terms decreases (instead of 100 bars of gold, because the dollar is cheap, its now 30 bars of gold).
That said, the min-wage increase is just to buy the votes of the economically ignorant.
That would only be true if they were intending to actually attempt to pay off the debt. They won't be doing that. The intent is to devalue the currency to the point that people can no longer ever afford anything and will be stuck with the, relatively, more accessible rental options.
They made that very apparent with the whole, "you will own nothing and enjoy it" speech at davos.
The minimum wage increase will make people unemployed and crush small businesses, but it won't be the cause of the inflation. That honor falls to the massive money printing going on these times.
It's to crush small businesses and inflate prices