Fight for 15 Protest: Rising wages are a bad sign in bad times.
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3 years ago
4
In Biden's America, we are facing rising unemployment rates as the federal government continues to interfere by extending exorbitant jobless subsidies.
The socialist media commentators are pointing to the rise in offered starting wages and demanding "see? if you strike for wages they will rise."
Yes, you flipping walnut. If no one will sell you a commodity at a lower price, then the value of the commodity is the price you are willing to pay.
As wages rise in a down falling economy prices must rise with them. In a booming economy, the price reflects the increased value of the product in the higher demand market. In a failing economy, it reflects that the product is valued on its low supply rather than its high demand.
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