I would say, yea really minimum wage needs to be about $15 right now (that would just be making up for inflation which is not tracked), it needs to be $15 and then tied to asset inflation as should all wages.
But I think it will be a slow transition.
Yea I could see a small pull back, but not a major correction until inflation has a chance to take hold.
The fed cannot continue to bail out the local gov’s
and the local Gov’s need inflation to bring the tax base up.
