What's the point in increasing wages if prices go up faster?
Remember: products are priced according to what people are willing to pay, not what they cost to produce.
The answer isn't to make more, it's to spend less. The only people who should be taking a hit are those profiting. They'll still make more money than any of you can ever hope to dream of.
Wages should be higher.
Inequality should be lower, too.
Prices should be lower.
What's the point in increasing wages if prices go up faster?
Remember: products are priced according to what people are willing to pay, not what they cost to produce.
The answer isn't to make more, it's to spend less. The only people who should be taking a hit are those profiting. They'll still make more money than any of you can ever hope to dream of.