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Raising the minimum wage doesn't cause inflation, inflation reduces the purchasing power of the dollar.
Creating more money is what causes inflation. And guess who does that? Hint: it's not the treasury. 85% of USD doesn't exist in physical form.
Raising the minimum wage doesn't cause inflation, inflation reduces the purchasing power of the dollar.
Creating more money is what causes inflation. And guess who does that? Hint: it's not the treasury. 85% of USD doesn't exist in physical form.
I tried explaining it doesnt matter which causes which, the end result is always the same, erosion of the purchasing power. But that requires too much thought from the fucks on reddit
I tried explaining it doesnt matter which causes which, the end result is always the same, erosion of the purchasing power. But that requires too much thought from the fucks on reddit
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