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That’s not a problem as it’s not a zero-sum game. Everyone could get their pay raised at the same time and the overall productivity would go up accordingly, unt
by jiofih 5y ago
That’s not a problem as it’s not a zero-sum game. Everyone could get their pay raised at the same time and the overall productivity would go up accordingly, until some point of equilibrium.
- threatripper 5y agoIf you increase all wages at the same rate then inflation rises (as you don't increase productivity and resource availability accordingly) and you devalue savings. This is not a bad thing overall. It certainly is better than losing a war.