4 ms·
"inflation in everything you need, deflation in everything you make" Everyone needs food, farmers need equipment, I make equipment for farmers therefore my wag
by avgDev 8y ago
"inflation in everything you need, deflation in everything you make"
Everyone needs food, farmers need equipment, I make equipment for farmers therefore my wages should grow instead of stagnating based on that statement? Or does the statement mean that the actual profits go to the select few that own companies that produce the stuff you need?
- api 8y agoI think "everything" is an exaggeration, but it's not entirely wrong. The main sectors to experience runaway inflation have been health care, college tuition, and real estate in major cities. Housing is a necessity while the others while not absolutely non-negotiable are pretty solidly in the "need" category.