I mean, if iPhones went from $1,100 apiece to $7,000 apiece and minimum wage jumped to $38 an hour, then sure maybe.
But then, if we did that, your parents and grandparents can say goodbye to any concept of their retirement accounts having value enough for them to survive on without working a full-time job.
Well, yeah, they can, but they’d be much more expensive. Which wouldn’t be a problem if wages matched inflation.
I mean, if iPhones went from $1,100 apiece to $7,000 apiece and minimum wage jumped to $38 an hour, then sure maybe.
But then, if we did that, your parents and grandparents can say goodbye to any concept of their retirement accounts having value enough for them to survive on without working a full-time job.