this post was submitted on 14 Jan 2024
93 points (97.0% liked)

No Shit Sherlock

51 readers
1 users here now

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

If only Starbucks did it, then it probably wouldn't affect it much. But of course the idea of these posts is that all the companies should treat their workers better. If everyone got $11k pay rises that would definitely drive inflation.

However, here's a counterpoint. If all the working class got big pay rises, this drives up inflation but it's countered by the big pay rises.

Meanwhile, the super-rich are seeing their wealth worth less and less due to inflation, leading to a lower level of inequality.