Instead of raising the minimum wage, people should abolish it and let deflation happen. Which means much higher purchasing power for everyone, let the market determine the wages.If it wasn't for this dumb socialist intervention, we would have low prices and high purchasing power for everyone. The standard of living is not raised by arbitrary laws and decrees imposing higher wage rates, but by the rise in the productivity of labor, which increases the supply of goods relative to the supply of labor and thus reduces prices relative to wage rates, and thereby allows prices to rise by less than wages when the quantity of money and volume of spending in the economic system increase. And if the quantity of money was not increasing, a gold standard was in place the standard of living as I said earlier would skyrocket. And you may say a gold standard will increase the demand for new money which would be a problem however, any given supply of money is optimal in a free market since its relative value (purchasing power) reflects any supply issues. Money is not goods or services, bread.Money is only a medium of exchange, spending new money detracts from the production of real wealth, goods and services. There can never be a shortage of money.
wahx you can keep saying debunk-able things and not responding to my responses on privatised roads, the fact that the government did not create the internet and that the economy can/does exist and do well without a federal government.
