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Inflation is a tool to push wages down, you can collectively bargain against labor with inflation. If you are in the owning class, you want wages tied to a cur
by sitkack 6y ago
Inflation is a tool to push wages down, you can collectively bargain against labor with inflation.
If you are in the owning class, you want wages tied to a currency and not the CPI. And you want a steady form of inflation that you can account for, while labor costs can drop at 2% plus per year.
- iso1210 6y ago> Inflation is a tool to push wages down, you can collectively bargain against labor with inflation. And labour collectively bargains to ensure pay remains on track with inflation, so no problem
- sitkack 6y agoWorking As Intended.
- imtringued 6y agoInflation is a tool to increase future wages at the expense of past wages.