The minimum wage should not be increased; the minimum wage should be abolished! – The First Street Journal.

Of course, California and New York would love to see the minimum wage increases, because that would bring in more tax dollars. That those tax dollars might be devalued through inflation doesn’t bother them much, because that simply means that the value of their dollar-denominated debts will decrease, helping them to pay down their bonds.

Heck, everyone in the government wants inflation, for just that reason: to decrease the real value of the bonds they have to redeem. The Fed says outright that their goal is a 2% inflation rate, and Janet Yellen is disappointed that inflation is so low.

Source: The minimum wage should not be increased; the minimum wage should be abolished! – The First Street Journal.

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2 thoughts on “The minimum wage should not be increased; the minimum wage should be abolished! – The First Street Journal.”

    1. The problem with asking if we learned anything is that it hits what I think of as the Garak problem.

      After Doctor Bashir told him the story of the boy who cried wolf, Garak summarized the moral as “never tell the same lie twice.”

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