Ultimately, the whole wage debate is a deceptively gradual movement towards a Universal Basic Income. That's not what THIS video is about though. It discusses the fact that wages are a component of inflation, which eventually leads to higher prices and costs for EVERYONE. It also tosses around the idea of WHO has the right to set the minimum wage?
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Inflation is Damaging to the Purchasing Power of the Currency. Wages should go up in proportion to the Real Cost of Living. Sadly.. that doesn't seem to be happening and as a result new classes of wage earners are being Created. We now have the Upper, Lower and Middle classes of the Upper Lower and Middle Class.
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