FREED0MF1GHTER on May 6th, 2021 at 16:46 UTC »
But... that would mean that... minimum wage has not kept up with inflation...
That can't be right...
Paul_Thrush on May 6th, 2021 at 16:46 UTC »
In 1964, like today, no one was paid in quarters. What's the melt value of paper?
qdouble on May 6th, 2021 at 18:19 UTC »
The purpose of currency is to facilitate transactions. Having moderate inflation is desirable so that people don’t sit on money as if it’s gold, when they can put it to use or at least put it in a more valuable asset.
Conservative economic theory is primitive.
FREED0MF1GHTER on May 6th, 2021 at 16:46 UTC »
But... that would mean that... minimum wage has not kept up with inflation...
That can't be right...
Paul_Thrush on May 6th, 2021 at 16:46 UTC »
In 1964, like today, no one was paid in quarters. What's the melt value of paper?
qdouble on May 6th, 2021 at 18:19 UTC »
The purpose of currency is to facilitate transactions. Having moderate inflation is desirable so that people don’t sit on money as if it’s gold, when they can put it to use or at least put it in a more valuable asset.
Conservative economic theory is primitive.