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Joined 1 year ago
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Cake day: August 9th, 2023

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  • Yep gold standard was good till Nixon fucked it all. France didn’t want USD anymore and wanted to exchange it.

    America ended up stealing from any country held USD when this happened and America profitied big time

    Yes there are more factors but wages are directly tied. And when you have people at the top syphoning off the profits of 10-50 people that is where the real damage begins.

    That person now is able to dodge taxes, move money to offshore accounts they go to different countries to buy yahats, properties, etc

    Also, in Canada we have nationalized electricity production. We get lifers and after 30-40 years these people are doing less work and getting paid more and every year they get wage increases.

    Also the more you make the less if an increase you need to survive off



  • Increasing minimum wages greatly increases inflation. Over paid CEO’s exponentially increases inflation.

    Addressing actual issues will solve problems.

    Increasing minimum’s will always end up hurting the poorest as when minimums go up so do the costs of everything.

    Take a bike made in China vs a bike made in America. They will be about the same quality yet the American one WILL be 2x more because they are paying a lot more per worker.

    Yes I know there are more nuances but in general how shot works. If you are no longer paying a CEO the wage of 10-50 workers that money can be now used to drive down the price of your products or pay your workers a proper wage