TL;DR; You can raise minimum wage quite a bit, but prices only go up a tiny bit.

    • snooggums@lemmy.world
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      26 days ago

      Also unending growth and profit seeking, becsuse there is nothing capitalism loathes more than a stable business that isn’t trying to dominate the market.

    • Flocklesscrow@lemm.ee
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      25 days ago

      I think you forgot pure, unmitigated price gouging.

      Record breaking profits during 40 year inflation. It’s glaringly obvious.