• binarytobis@lemmy.world
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    2 months ago

    Kinda related: At some point I realized inflation is actually kinda good when you have no assets and large debt, because it effectively shrinks your debt. The problem is, I only thought about it well after paying off my debts and gaining some assets, so now I feel like the guys in the pic if I talk about it.

    • Mulligrubs@lemmy.world
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      2 months ago

      … and just like that, you figured out what the FED is for, and that our world economy is based on debt, with inflation used to defraud the hordes of workers from adequate wages.

      Once the inflationary economy crashes, banks buy up those previously inflated assets at rock-bottom prices, and the process begins anew.

  • Solrac@lemmy.world
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    2 months ago

    That’s ok. The employees can show them what happens when they don’t pay enough for them to live ✨

  • CannedYeet@lemmy.world
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    2 months ago

    Australia has one of if not the highest minimum wage.

    This economics YouTuber ranks it as one of the best economies, based on his own slightly subjective ranking that factors in both overall strength and egalitarianism.

    https://youtu.be/_ohj_pOjp6U