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Joined 1 year ago
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Cake day: July 30th, 2023

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  • Assuming that math is linear, a $15 an hour minimum wage would be 100% increase and responsible for an additional 3.6% inflation. We can argue about whether or not this increase I’d wroth it, but it is hardly 0.

    That being said, I suspect this math has changed since Covid. Wages have generally gone up I would not be shocked if many companies are already paying their formerly min wage employees more. The fewer people between 7.25 and $15 the lower the impact on “the economy”.





  • There was an article I read a wile back so I may be misremembering. It claimed they the wealth of southern plantations was the slaves, the land and other assets were worth hardly anything. Many of these places had large amounts of debt tied to the value of their slaves. The fear was not just that the north would make slavery illegal, but that the actions being taken to limit slavery in new states would cause the price of slaves to drop and make all the rich slave owners broke.