Inflation Greedflation: corporate ISl i (e 10 boosted global prices, study ST Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

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   toussaint (toussaint@newsie.social)'s status on Sunday, 17-Dec-2023 16:48:14 JST toussaint

   in my jr yr, i was a researcher on a study that looked at every minimum wage increase, from all time, from every country. The conclusion is that raising the min wage has NEVER lead to job losses, it always gives ppl more disposable income to spend, stimulates the economy more than any downside. But almost no one knows this, no one cares abt the study or truth, politicians & corporations lie everytime its brought up. This is why i quit econ to cook
   #CapitalismIsKillingYOU
   https://www.theguardian.com/business/2023/dec/07/greedflation-corporate-profiteering-boosted-global-prices-study