>I'm kinda baffled by that. I'm no economics major, but this seems to imply that keeping wages low (or at least decoupled from economic growth) is actually a go

>I'm kinda baffled by that. I'm no economics major, but this seems to imply that keeping wages low (or at least decoupled from economic growth) is actually a goal of economic policy. Is that true? Well yes. Today's policymakers were mostly taught to work under the assumption that stagflation occurs if you explicitly target wage increases, as policymakers prior to the '70s sometimes did. They're fighting the previous war, so to speak, since their policies brought about a deflationary crisis.