why don’t people realize that raising wage is not the solution? 

businesses end up hiring less, and many end up going bankrupt. https://i.imgur.com/1wNFZKJ.jpg

🦙 @alfaca | building fun consumer crypto apps: @offmarket @perl | vc warm intros | fid #539 | resuming /cheesecoin once we hit pmf 🎯

But it is ok then that CEOs and shareholders get raises. (They can increase price and reduce cost to make more profit, which to me is kind of getting a raise) ? 🙄😒

and fyi - increasing price and reducing cost does not necessarily lead to more profit. 

1. people buy less when the price rises.
2. the business stumbles/shuts down since it’s not making money.
3. everyone is let go.

are you willing to double what you pay if that meant making them “feel” more valuable?

If I can afford it, I’m ok paying more not to make them “feel”valuable but so that they can have better quality of life. I agree that better jobs need to be created but at the same time I think we need to rethink the construct that some jobs are more valuable than others.