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Yes wages should go up, but the driver of this increase is temporary (global pandemic and fear of it). But once you raise wages, you're kind of stuck there. I t
by test6554 5y ago
Yes wages should go up, but the driver of this increase is temporary (global pandemic and fear of it). But once you raise wages, you're kind of stuck there. I think if we can get through this year without going crazy with wage increases we can keep inflation at bay and COVID will go away. So what they're saying is that benefits need to get less and less generous as fear of covid gets lower and lower. The former should follow the latter until those terrible jobs don't looks so bad to some people. And that means some people will land at the bottom rung of the economic ladder and obviously not be happy about it.
- rapsey 5y ago> I think if we can get through this year without going crazy with wage increases we can keep inflation at bay and COVID will go away When cost of everything is going up, you can't keep inflation at bay.
- imtringued 5y agoWhen you have moderate inflation the economic system rewards ingenuity, productivity and efficiency. People at the bottom rung of the economic ladder will obviously be happy about it because that is all they have. The rich have money and capital that can paper over those three things.