- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
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It’s almost as if it isn’t Wage Inflation ™, but just the price of something responding to changes in how much it’s wanted vs how available it is. Seems like there should be a fundamental principle in economics that explains it, like something that you’d learn in econ 101.
I see what you did there…
But it’s worse than that. Greedflation is the primary culprit anyway, so suppressing wage growth has no impact on inflation, but we all continue to have continuous deflation of our pay.