Post #1862628
2026-04-28 21:15 UTC
Without restrictions on rent increases , that's just going to increase inflation. That's what always happens.
When minimum wage goes up, every single industry thinks they deserve that extra money.
Replies (3)
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@discocactus@lemmy.world 2026-04-28 21:34
In a way, driving rampant inflation supported by a rising minimum wage tied to inflation destroys the wealth hoarding of the rich, if it is denominated on dollars. Actually, since most of their wealth isn't, it destroys the savings of the poor and middle class.
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@campelm@thelemmy.club 2026-04-28 21:54
Inflation keeps going up anyways. The boring answer is to set it to something reasonable and have it go up 2% every year to keep pace with inflation rather than these big jumps that gets everyone worked up.
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@faultyproboscus@sh.itjust.works 2026-04-28 22:53
No, that's not what happens. You can compare charts of minimum wage increases against inflation. There isn't a correlation.