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In a lot of cases no: if the wage increases are eaten up by the energy price increases. If the wage increases go to the upper middle and upper class, which don’
by legulere 5y ago
In a lot of cases no: if the wage increases are eaten up by the energy price increases. If the wage increases go to the upper middle and upper class, which don’t know what their money on. If the demand goes into mass producible goods, where higher demand leads to lower prices.
- s1artibartfast 5y agoHigher demand only leads to cost reduction if goods are produced more cheaply with increased scale, which is not given. There is a point where diminishing returns bring saving at scale to 0