Originally posted by IUPNation
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Now somewhere like Walmart absolutely could pay $15 an hour to workers. It will just cut into their massive profits somewhat.
So not a 1 size fits all.
I was reading about how the gov manipulates interest rates to make the economy look better. Which is one of the reason stocks are rising. But, interest rates are near 0% now and they printed a lot of money to put out there.
So lowering interest rates and printing money generally helps wealthier people and hurts poorer and middle class people. In general.
Now, these conditions also setup conditions for hyperinflation. Couple that with rising cost of goods when companies have to pay everyone $15 and some interesting market forces might happen. Really bad ones.
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