4 ms·
Wages haven't kept pace with productivity since the 70's, and income and wealth inequality has reached astronomical proportions. IMO its time for a bit of infla
by TheAdamAndChe 5y ago
Wages haven't kept pace with productivity since the 70's, and income and wealth inequality has reached astronomical proportions. IMO its time for a bit of inflation and improved employee leverage.
- jhawk28 5y agoInflation isn't a good thing. It is probably going to exasperate the wealth inequality and I don't see how it will improve employee leverage. It is an invisible tax caused by government artificially increasing the money supply.
- tick_tock_tick 5y agoLabor shortage plus inflation is the best thing possible for the people at the bottom of the economy.
- FredPret 5y agoMild inflation can lead to higher employment. We had a super tight labour market before Covid, I remember reading about factory workers getting signing bonuses (!) Here’s hoping we’ll just pick right up where we left off!