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Inflation does not cause wages to go up (at least it’s not always the case). I lived in a place with high inflation and wages did go down at that time because t
by csomar 5y ago
Inflation does not cause wages to go up (at least it’s not always the case). I lived in a place with high inflation and wages did go down at that time because the economy was bad. (Stagflation)
Not only it hurts the poor more; it basically roasts them as they can’t pay for necessities.
- dragonwriter 5y ago> Inflation does not cause wages to go up (at least it’s not always the case). There are many forces affecting wages, but inflation puts upward pressure on wages and wages put upward pressure on consumer prices, so they tend, and not just by coincidence, to move the same direction. > I lived in a place with high inflation and wages did go down at that time because the economy was bad. (Stagflation) “Stagflation” has a name as a combination of economic conditions because it is unusual.