BarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 8 months agoMcDonald’s, Chipotle to hike menu prices after California Gov. Newsom approves $20 fast food minimum wagewww.foxbusiness.comexternal-linkmessage-square75fedilinkarrow-up1201arrow-down124
arrow-up1177arrow-down1external-linkMcDonald’s, Chipotle to hike menu prices after California Gov. Newsom approves $20 fast food minimum wagewww.foxbusiness.comBarterClub@sh.itjust.worksM to Antiwork@lemmy.worldEnglish · 8 months agomessage-square75fedilink
minus-squarehelenslunchlinkfedilinkarrow-up2arrow-down5·8 months ago Corporations and banks have been artificially depressing wages and inflating costs for decades. Such “artificial” inflation would require collusion on a global scale, is that what you’re implying?
minus-squareViking_Hippie@lemmy.worldlinkfedilinkarrow-up5·8 months agoNo it wouldn’t. All it would require is regulatory capture , which is pretty much as abundant in capitalism as hydrogen is in the natural world.
Such “artificial” inflation would require collusion on a global scale, is that what you’re implying?
No it wouldn’t. All it would require is regulatory capture , which is pretty much as abundant in capitalism as hydrogen is in the natural world.