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Not really. In the situation you've described, the printing of money is what causes inflation. Wages may change as a result of that, but then again, they may no
by deelowe 10y ago
Not really. In the situation you've described, the printing of money is what causes inflation. Wages may change as a result of that, but then again, they may not. What happens with wages depends on other economic factors.
- criddell 10y ago> the printing of money is what causes inflation Not really. Demand outstripping supply is what causes inflation.
- deelowe 10y agoFair enough.
- sharemywin 10y agoAnd if someone chooses to work less supply is constrained = UBI. if someone chooses to work the same demand goes up = UBI. either way demand is increasing and supply is decreasing. leading to higher prices.
- criddell 10y agoExcept when people are working less because robots are doing the job. Now people are working less and the supply is unchanged.