This system can be exploited, if you have nothing behind that wage.
And everything else goes up.
Think of what happened with the computer parts with Bitcoin.
Bitcoin inflated so much, it literally hurt the dollar.

~~REEEEEPOST~~

Except there is something behind it. the value of productivity, which has been ignored for decades.

regardless, a sharp jump of this scale is dangerous

Thing is for the capitalism system.
It's a broken mess to all ends.

There is no fixing it.

Unless another system goes in place.

Doesn't matter upside down, left/right, down, up, middle, or in space...
The capitolism system is just a fucky mess.

Thats more the fault of neglegeance and opportunists

Capitalism can be done right

If you increase wages, less jobes, and competition gets worse on a labor force.
And in stores regular prices inflates to stay with competition.

And it goes the opposite, if you lower the wages, more jobes, less money, less prices on stores...

As I previously said, it's a broken system.

*if you raise wages by a drastic margin overnight

it needs to be done much slower than they're doing, but it still needs to be done

Doesn't matter, the money is the controling factor of how it plays with competition, and demands.

and where the fuck are you getting these metrics? less wages means more jobs? it means people without means to even house themselves, let alone get employment

It wage is increaed, or lowered.
The town of the area also gets effected from the local competion, since everyone fights for more profit.

It's just basic fucking economics.

in their section of market, sure. You won't see a brewery competing with a hot dog factory or some shit

Yes, more jobs = less pay, becuause then you'll be supplying more for a majority.

You still need to consider the workplace.

Like I said, it's a fucky system.

I think its you not considering shit here. you still have yet to justify this notion that directly lowering wages will increase employment

Yes lowering wages increase employment.
But then you still need to worry about competition about the local area's supplying that demand.

>yes
that's not a fucking justification. that's an assertion

citations, bitch

just seeing the wind blow in one direction on this issue doesn't automatically make the opposite true

The main focus is business competition.
One can come in, and make one business go out of business, because the other business does a better profit, then causes job loss.

Business, and marketing.

holy fuck and you think to lecture me on "basic economics"

it is in no fucking way that direct or simple

Trying to make it simple.

and sounding like a child

Well most of the time, I need to do it this way for alot of people, so no judge.

Yes, a sharp jump in mandated wages is a shock to the market and employment economy, because businesses have already laid an internal infrastructure for the wages they already have

and as such had no reason to prepare for such an ill-concieved wage raise

This is not proof that going the opposite direction will magically make all of these effects perfectly reverse

Reason why, hiking up the price in wages, where the left is declairing, is such an economic mistake in this concurrent system.

Everything goes up, if that is pushed.

So it doesn't make anything better.

It just remains the same.

You're still avoiding explaining how directly intervening in wages in the opposite direction, lowering them, will somehow increase employment or competition