inflation = tax on savings
inflation = tax on savings
At least you're smart enough to realize your declaration was smart. Now you can take a gander at the fact wages increase proportionate to competition for workers, who in turn seek higher wages for profit driven inflation. Increases in minimum wage cause fractional increases in inflation purely because relatively few industries have a 1:1 labor unit to output ratio. In the example of McDonald's, divide the labor unit cost increase by the number of units per hour and you'll see the point I carefully dumbed down for you.
You will never, ever have this problem because you aren't smart enough for anything, let alone making a smart declaration or realizing it was smart.
You... dumbed it down for anyone.... is the most hilarious thing on the Internet today.Now you can take a gander at the fact wages increase proportionate to competition for workers, who in turn seek higher wages for profit driven inflation. Increases in minimum wage cause fractional increases in inflation purely because relatively few industries have a 1:1 labor unit to output ratio. In the example of McDonald's, divide the labor unit cost increase by the number of units per hour and you'll see the point I carefully dumbed down for you.
Please just stop.
I'm sure he'll get a similar reaction in prison with all the January 6th whackos who will there with him.
https://www.c-span.org/video/?c51186...ential-nominee