(31-12-2021, 05:01 AM)Oh_hunnihunni Wrote: And the gap between the highest paid and the lowest continues to stretch even the imagination of the most limited among us, while there are still some economic dinosaurs out there who really believe unlimited growth is a good thing, rather than symptomatic of a societal and financial cancer...
Unlimited growth isn't a good thing. Because it creates other issues such as inflation. Growth, steady, is a good thing because almost everyone benefits.
Some of the biggest reasons the gap between rich and poor has increased is because of policies implemented by this government. Those with houses have seen their equity in some cases triple in the last 3 years and as the poor tend to not have property or other investments they are left further behind.
Poverty cannot be solved by simply raising minimum wage because that increase tends to just flow on up the pay scales. This then causes inflation eroding the increase.