"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
More Money, More Problems: Venezuela’s Minimum Wage Won’t Help Inflation
Submitted by Westernerd on Thu, 2017-01-12 04:00
Hard-working people are watching helplessly as the money in their pockets becomes practically worthless. They wait in endlessly long lines for a chance at purchasing the few goods on the shelves. They look at their savings and their retirement accounts and realize they have no way of recouping their losses. Now, with yet another increase in the minimum wage, workers will have to again worry whether or not their jobs will be there in the coming weeks and months.
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