decide what to do w/ the limited labor markets, that is, if the labor rates get so high that folks will indeed work for a fast food place or other place, then so be it. This is another example of repugs trying to interfere w/ free market actions that are driving labor rates upwards, as it finally should be.
Pathetic. And this is the party that favors the free markets and such, eh? They failed to raise the minimum wage rate for so long, and then an epidemic comes and goes and messes w/ their long-term suppression of labor rates at below market rates (still stuck at 1980s rate (but they let everything else go rampaging upwards in price)).
Now the genie is out of the bottle and nothing they can do seems to help (the GOP) put the genie back in the bottle/force labor rates back down. And this is the party of Economics, eh? A joke. Maybe some of these GOP thugs should go back to Economics school and study the law of supply and demand, that a limited amount of labor (and the rate it's paid) can only go so far.
Good. About time that labor was valued at what it should be. And yes, the inflation rate probably will go up a tad, but why shouldn't it? The labor rate was suppressed for so long, that this hidden 'inflation factor' was suppressed and buried for so long, artificially that when it was finally released into the free marketplace, BOOM! people are slowly being appreciated somewhat for their valuable labor and NOT the stock markets, NOT the high price of homes and housing, land, and other heavily appreciated assets, LABOR.
It didn't help that rump in his ignorance suppressed labor from coming into the US either. It didn't help that they kept the labor rates so low. It didn't help that they favored those that had assets vs. one of the biggest assets, LABOR. Maybe now, LABOR can write its own ticket, and set the rules as they should be set, and not the ones who did it for so long, that kept everything artificially so low for so long, for their selfish purposes.
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