Originally Posted by Arkie
Attack the world's biggest employer all you want, but you're barking up the wrong tree. Real wages are not keeping up with the cost of living. We should attack the root cause instead of just raising minimum wage and hoping the cost of living doesn't catch up. Inflation helps the wealthy, and they're always happy to raise the minimum wage to new levels that keep their inflationary model running efficiently.
Exactly...because deflation will NOT be tolerated. That's how we get things, in part, like QE.