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wasoxygen · 3878 days ago · link · · parent · post: How does raising Minimum Wage not cause inflation?
Suppose Lady Gaga writes and records a new song. It's a hit. We say it's a hit because millions of people are happy to pay 99ยข for a recording of the song. Lady Gaga receives millions of dollars. Each fan receives a song they enjoy. Has anyone been harmed? If you ask me "why we allow individuals to extract so much from the economy in the 1st place" I am inclined to say that it is not my business to tell Lady Gaga or her fans what to do, as long as they are not bothering me. Millions of sales, initiated voluntarily by generally satisfied customers, appears to me a mountain of evidence that people are using their resources as they choose to improve their own lives.