Posted 5 years ago on Nov. 13, 2012, 11:32 a.m. EST by richardkentgates
This content is user submitted and not an official statement
The gap between wages and inflation is a leading causes of instability in a capitalist system. We have minimum wage but that cost gets tacked onto the shelf price and offsets any gains made by increasing wages. We need a formula put into law that dictates markup for retailers and re-sellers and any other applicable industry that applies markup. The formula needs to tie markup to wage averages. By controlling these two factors instead of just the one, we can prevent the gap between inflation and wages from growing out of control. This means restricting profits for execs and shareholders so it will be an uphill fight and even this thread will be challenged by the insiders on this forum that pose as supporters so read their replies carefully because those will be some of the more common attacks on this idea. A successful formula and application of law can also take the control of inflation out of the hands of the Fed and place it into law.
Prices without control
CPI + Total Retail Trade (Demand)