this post was submitted on 23 Feb 2024
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[–] [email protected] 7 points 10 months ago* (last edited 10 months ago)

These folks seem to have a different understanding than you.

Specifically:

Since as many as 10 percent of the lowest-wage workers leave or start jobs every month, any decrease in the number of full-time equivalent jobs will mean that some workers will take more time finding a new job, or will work fewer hours. But many of these workers may still see their annual earnings rise because of their wage increase.