>>512145901Sure but I'm also trying to bring light more so to the way in which our currency operates and is structured. We should always assume that a dollar today is worth more than a dollar tomorrow. What does that mean? It quite literally means that over time eventually minimum wage will pay 1 million dollars an hour. Just because its far away from us, doesn't mean that it doesn't effect us now or is a problem that should be solved before it gets too bad. Imagine a human working minimum wage for 1 million an hour. Over the course of a day they make 8 million dollars.
Let me use an example of something I bought recently. I bought a 6 pack of BBQ metal skewers for $1.50. Lets assume the base price of everything tracks with inflation (it does not track 1:1, but you can also assume that prices rise as more dollars exist).
So minimum wage here in Ontario is. $17.50 an hour. I make more than minimum wage (a better track would be the average income but this is a hypothetical situation less to due with actual price increases). $17.5 -> $1 000 000 is a percentage of increase 5714190% which is huge. Lets assume the cost of those BBQ skewers grew the same percentage as the minimum wage. 1 pack of 6 BBQ skewers will then cost $85 714.4. This seems ridiculous to us right now because of our relative experience but that isn't the point. Imagine me now CURRENTLY being like
>Hey I actually need to buy 3 packs of these because I'm doing a cookout. Oh it'll cost me $4.50 easy. Now you take a human in the exact same position centuries in the future having to make the same informative decision. Do you think the average person is going to simply go
>Hey I actually need to buy 3 packs of these. Each pack is $85 714.4 so 3 of them make out a cool $257 143.2.