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If the economy shrinks, everyone will get paid less one way or another. Growth has the opposite effect. You might complain about inequality, but pursuing poli
by cryptonector 8y ago
If the economy shrinks, everyone will get paid less one way or another. Growth has the opposite effect. You might complain about inequality, but pursuing policies that discourage growth (and maybe lead to a recession) definitely will not help. You can't just dictate higher wages, because all that does is increase the unemployment/underemployment rate.