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As a society, if we figure out an economic system which doesn't lead to inflation, then all would benefit by not having to grow their net worth, and in turn, ha
by oarla 9y ago
As a society, if we figure out an economic system which doesn't lead to inflation, then all would benefit by not having to grow their net worth, and in turn, have a job that doesn't have any growth prospects.
- solomatov 9y agoHow are growth prospect and inflation related? You can keep your net worth by investing into assets which have growth above the inflation level which isn't that hard.
- oarla 9y agoBy growth, I meant increase in wages to at least keep up with inflation. Janitorial jobs haven't kept up with inflation. Nowadays, rent increases by about 10% YoY. But wages don't increase by that much.