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> Thus, we are not really talking about inflation but more concretely about redistribution of wealth, only this time the low earners are getting more from the p
by wobbly_bush 5y ago
> Thus, we are not really talking about inflation but more concretely about redistribution of wealth, only this time the low earners are getting more from the pie.
Can you elaborate on how it is redistribution of wealth for low earners? Genuinely curious.
- reccanti 5y agoA labor shortage = an increased demand for labor. If that labor can’t be purchased at the current market rate, then they’ll need to spend more on labor (increase wages), which in theory would come out of the salaries and benefits of the higher ups. We’ll see if that actually happens though. Articles like this are designed to stir up fears of inflation so that they can get people on board with policies to keep wages lower. EDIT: Saw the author’s reply higher up. It sounds like this isn’t their intent, but when the sound bite is “higher wages means more inflation”, it collectively feeds into the “be afraid of inflation” narrative that’s been building
- throw0101a 5y ago> […] which in theory would come out of the salaries and benefits of the higher ups. Or profits for the capital class.