rather raising a national minimum wage is a really bad idea .. US is a diverse economy which goes from oil rigs to silicon valley to NYC to the plains in mid-west. each state should be able to decide a min and change based on economic situation; & its an incentive for a state to attract labor, if required .. but to me a national min wage is simply a synonym to big government, Federal controlled decisions, less flexibility and lots of project managers to mange stupid things.
Monday, January 25, 2021
$15 minimum wage is not a good or bad idea ..?
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NFP 162K .. higher than expected ...
But not enough for a rate hike ..!
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because inflation is a monetary phenomenon .. it rises in proportion to the money supply (mostly reckless spending by congress) or a reducti...
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as Fed have been raising Federal rates (short-term) this year, market has been dropping long-term rates since Jun 15th anticipating downturn...
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And GooG issues new stock to generate $80B to invest in AI buildup .. now that's smart .. but who's?
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