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Re: Saturday Tech Bits
Feb 28, 2021, 12:26
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Re: Saturday Tech Bits Feb 28, 2021, 12:26
Feb 28, 2021, 12:26
 
HorrorScope wrote on Feb 28, 2021, 12:09:
But doubling it like this most likely will be measurable, that's what waiting so long to move that needle will do. The markets will adjust knowing there is more income. I'm not saying I'm against it. That is an issue with basic income, for example I'll sell my house for more, because the market will know there is greater buying power out there.

House pricing is not correlated to minimum wage, it's correlated to GDP and productivity, no worries for that particular sector. And that's one more reason to recouple minimum wage to productivity increase after its 1968 decoupling.

In other sectors and this is pure speculation on my part, yes, it's not impossible that there might be a slight correction, lower than the increase, resulting in a net gain for min wage earners in their buying power, altho I have never known such corrections to be confirmed by any observations nor studies. One might want to dig the Seattle observations deeper for info on this. Or the aforementioned study of studies on inflation VS minimum wage.
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