Let's be really real for a sec: minimum wage does not, in any meaningful way, drive demand-pull inflation. Minimum wage doesn't even track the rate of inflation. This is macro-averse horsepuckey.
This position of abolition of minimum wage is not seriously held by any macroeconomic experts except on the extreme far right. There is a reason that wage floors, in lieu of GMI, are accepted by even centrists: because the alternatives are literally unconscionable.
Further: capital is greedy. It's functionally unable to be anything else. Throwing labor a bone once in a while is not, desperate hair-shirting aside, going to somehow kill it and destroy the jobs, homgz.
This position of abolition of minimum wage is not seriously held by any macroeconomic experts except on the extreme far right. There is a reason that wage floors, in lieu of GMI, are accepted by even centrists: because the alternatives are literally unconscionable.
Further: capital is greedy. It's functionally unable to be anything else. Throwing labor a bone once in a while is not, desperate hair-shirting aside, going to somehow kill it and destroy the jobs, homgz.