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Is there any evidence of women entering the workforce at different points in time being tied to inflation? I could be mistaken, but I thought it was pretty wel
by BoiledCabbage 8y ago
Is there any evidence of women entering the workforce at different points in time being tied to inflation?
I could be mistaken, but I thought it was pretty well agreed upon that the extremely high inflation of the 70s was due to the oils shortage and significantly higher gas prices. Gasoline was (and is) essential to just about every business and increased costs including transportation costs.
In the same way "free energy" increases production per dollar, scarcer/costlier energy reduces production per dollar which can be expressed as inflated prices.
Or in one form simply employees demanded higher wages to still be able to afford to drive to work, and companies demanded higher prices to account for higher manufacturing and shipping costs on everything.
Increase in cost of labor and increase in cost of goods is inflation.