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Deaths of Despair would plummet if the minimum wage was $25 & everyone had free health insurance
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The article Larry Summers is referencing is here:
https://www.ft.com/content/653bbb26-8a22-4db3-b43d-c34a0b774303
1/25 Americans will not make it to their 40th birthday 😥 The article doesn't go the lack of universal health care, the lack of housing, the lack of opportunity for many.
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Again, the prices are going up anyway with or without wage increass so wtf is your point exactly?
Do nothing and starve?
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Nothing has changed and we already have inflation, the wage demands people are making are to address the inflation which is outpacing average pay for many.
Supply and demand have nothing to do with egg producers cheering almost 800% profits over previous years since prices have gone up.