Content
@
0 reply
0 recast
0 reaction
Vitalik Buterin
@vitalik.eth
US federal minimum wage has de-facto been abolished, thanks to inflation. This often gets missed because it happened slowly and as a result of inaction, but it's still worth talking about.
11 replies
124 recasts
737 reactions
𝚖_𝚓_𝚛
@m-j-r.eth
thankfully the market on the minimum side reaches competitive equilibrium in many places. in others, child labor limits are loosened, raising the importance of that wage limit, but inflation works to suppress that. ultimately, it's a bargaining contest.
0 reply
0 recast
0 reaction
