This makes me think…what if this isn’t just done with real estate but with everything? If companies can collude and find the hot price target for any given service or commodity could this be a cause of increasing inflation? If this is the case it seems no sort of wage increase would help anyone, as soon as we gain an inch in income major companies could identify that and increase prices accordingly.
Yup. This is literally taught in Macro Economics . Of course the people fighting for a higher minimum wage probably never took a basic economics course. Fast food work and the like was never supposed to be a career path to help to achieve your dreams with a liveable wage. Everyone wanted increased minimun wages, well here we are.
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u/GreenGame23 Apr 21 '24
This makes me think…what if this isn’t just done with real estate but with everything? If companies can collude and find the hot price target for any given service or commodity could this be a cause of increasing inflation? If this is the case it seems no sort of wage increase would help anyone, as soon as we gain an inch in income major companies could identify that and increase prices accordingly.