▲ | reliabilityguy 3 days ago | ||||||||||||||||
> Which would mean food gets more expensive, right? Which in turn will create more pressure to increase the salaries until it reaches the equilibrium that satisfies everyone. The alternative is to use de-facto slave labor just for the sake of cheap food? | |||||||||||||||||
▲ | hvb2 3 days ago | parent [-] | ||||||||||||||||
You're missing an important piece here. The lower your income is, the bigger the % you spend on necessities like food. So when those go up, the lower incomes are again hit the hardest as they spend a higher percentage of their total income on it. And these are necessities not nice to haves | |||||||||||||||||
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