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Damn Fox, you didn't have to turn me on more. (lemmy.world)

submitted 5 days ago by [email protected] to c/[email protected]

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Is Fox news unironically the best place to learn about your new favorite social dem?

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[–] [email protected] 4 points 5 days ago

when you raise the minimum wage, you build an opportunity for companies to raise the prices on everything, and then we get into an inflation problem.

Then explain the following to me, please:

In the 1960s, families had enough income that they could easily afford food, housing, and much more.

Why didn't that immediately lead to an inflationary spiral, as you have described? Why did living conditions remain stable for 20 years or more?