• Realitaetsverlust@lemmy.zip
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    1 month ago

    The problem with minimum wages is that they also drive up prices over time. This is a bandaid to a much bigger problem.

    • Cort@lemmy.world
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      1 month ago

      That’s why they also need to introduce a maximum wage. To stop prices going up from paying the ceo too much.

      • Realitaetsverlust@lemmy.zip
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        1 month ago

        While lower salaries would decrease the amount of financial pressure on companies and could lead to more competitivepricesz, I don’t think that that would be the correct avenue to walk down no.

        I think the only real solution to that is to break up mega corporations and try to fund and subsidize local businesses.

        Capitalism has been a blessing for everyone, even those clowns on lemmy.ml or other clown instances, but when globalization hit, it went downhill. Trying to promote local businesses again would - at least in my opinion - better the entire system, from wages to prices to work conditions.