Comments by "c. j. macq" (@cjmacq-vg8um) on "Does Increasing The Minimum Wage Increase Prices?" video.

minimum wage does contribute to inflation. but its not the only factor. universal basic income and minimum wage both face the same problems. they're both in a constant state of "catch up" with inflation. every time wages increase the elite raise prices to counter it. and they counter it to maintain - even increase - they're profit margins. so, although ideas like MW or UBI may help, they're not the solution to anything because they're in a perpetual need of adjustment. and, when an adjustment is proposed, by the time the proposal is passed it always falls short of what's needed. this type of legislation is designed to be a minute late and a dollar short. this is a capitalist solution and there are NO capitalist solutions to capitalist problems. in fact MW and UBI are the capitalists dream because they give them the excuse to raise prices, fuel inflation and increase profits even further.
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minimum wage does contribute to inflation. but its not the only factor. basic income and minimum wage both face the same problems. they're both in a constant state of "catch up" with inflation. every time wages increase the elite raise prices to counter it. and they counter it to maintain - even increase - they're profit margins. so, although ideas like MW or UBI may help, they're not the solution to anything because they're in a perpetual need of adjustment. and, when an adjustment is proposed, by the time the proposal is passed it always falls short of what's needed. this type of legislation is designed to be a minute late and a dollar short. this is a capitalist solution and there are NO capitalist solutions to capitalist problems. in fact MW and UBI are the capitalists dream because they give them the excuse to raise prices, fuel inflation and increase profits even further.
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@randyozaeta1026 … "inflation" is the rise in prices - period. no matter what the cause. whenever wages increase businesses MUST increase their prices to maintain and increase they're profit margins. which makes the wage increase ineffective and puts wages in a perpetual position of catch-up just to maintain a livability. the never ending pursuit of ever increasing profits is the underlying reason for all inflation but the specific causes may vary.
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@randyozaeta1026 ... that's precisely what i'm saying. capitalism is a flawed system. minimum wage and UBI can't correct this flaw because the corporations simply adjust their prices to counteract any such measures creating a perpetual state of inflation. labor compensation can NEVER catch-up because its designed for them not to.
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minimum wage does contribute to inflation. but its not the only factor. basic income and minimum wage both face the same problems. they're both in a constant state of "catch up" with inflation. every time wages increase the elite raise prices to counter it. and they counter it to maintain - even increase - they're profit margins. so, although ideas like MW or UBI may help, they're not the solution to anything because they're in a perpetual need of adjustment. and, when an adjustment is proposed, by the time the proposal is passed it always falls short of what's needed. this type of legislation is designed to be a minute late and a dollar short. this is a capitalist solution and there are NO capitalist solutions to capitalist problems. in fact MW and UBI are the capitalists dream because they give them the excuse to raise prices, fuel inflation and increase profits even further.
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@MimeticMimic … for some reason the internet is inundated with idiots, like our friend fletch here, who're completely incapable of leaving a comment without trying to insult and belittle others. they mistakenly believe their anonymity on the internet gives them license to be the biggest a-holes possible. who raised these people? where'd they come from? humanity is moving BACKWARDS in EVERY respect. technology is even removing common decency from humanity and replacing it with a common amorality, disrespect and deterioration of empathy.
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… and there's a link between this rise in technology and inflation. its a matter of historical perspective. American's seem to despise historical perspectives. our elite refuse to apply the lessons of history to contemporary situations which is why america seems to NEVER actually progress. people don't realize this but for about 6000 years civilization's inflation rate was set at about 1-3% - A CENTURY! where there was no civilization there was NO INFLATION! then, after the "industrial revolution" began, the 19 century experienced an inflation rate of about 5-7%. as national banking systems, like the "Fed", have been thrown into the mix, here in america we NOW suffer from an inflation rate of about 1-5% - A YEAR! technological industrialization, consumerism and materialism has been at the forefront of enslaving humanity through perpetual hyper-inflation, wage and debt slavery and through the dependence on and addiction to the technology itself - much of which contain police-state applications within the technology itself. the elite, in only 3 short generations, by targeting the 8-15 year old demographic from each generation, have convinced us that over-priced PRODUCTS and immediate and material gratification are more important than personal privacy, human rights and freedom! humanity is screwed if we can't convince the youth of the next few generations of the BIG LIE being perpetrated on the world RIGHT NOW! in 20 years it'll be TOO LATE! if we don't wake-up, and real damned soon, our dystopian future is just right around the corner.
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minimum wage does contribute to inflation. but its not the only factor. basic income and minimum wage both face the same problems. they're both in a constant state of "catch up" with inflation. every time wages increase the elite raise prices to counter it. and they counter it to maintain - even increase - they're profit margins. so, although ideas like MW or UBI may help, they're not the solution to anything because they're in a perpetual need of adjustment. and, when an adjustment is proposed, by the time the proposal is passed it always falls short of what's needed. this type of legislation is designed to be a minute late and a dollar short. this is a capitalist solution and there are NO capitalist solutions to capitalist problems. in fact MW and UBI are the capitalists dream because they give them the excuse to raise prices, fuel inflation and increase profits even further.
1