/biz/ - Business & Finance

>>29897566
Think about it. Bonds and savings accounts dont even cover inflation. That money is going to have to go somewhere and it wont all go into the stock market. Main bitcoin players have a 10 year history of gains that investment firms have allowed trading it and the IRS has rules on the books about it. While it has "crashed" it has always rebounded 2x and stronger than before. Credit cards are shifting over and even offering bitcoins back instead of flyer miles.
With more people working from home and buying online, rising taxes in cities, counties and states to cover shortfalls, business property investment is even a bad area to store money into. Once thought to be an easy investment.

>>29836857
>I understand the need to raise wages
Then you are failing to understand the problem.
Inflation is a issue to be sure, but importing people into an struggling economy will only cause the pay to remain low. Right now. Right fucking now 25% unemployment rate for people who make under $30,000. You think a min wage hike would fix that?
Next up, cost of living. Why not instead address that issue? Lower the cost of housing, gas and electric costs, food costs, rising taxation of food/fuel/phone/internet.. basically everything people have to spend money on a month to live normally. Get those lower through more and better built housing, insulation materials and other programs.
Address the issues correctly and stop punishing everyone else with stupid as fuck minimum wage hikes.