4 ms·
More to the point, raising wages (caused by union contracts that pegged wages to inflation) was the root cause of 70s stagflation. OP is horribly confused about
by throwawaygh 5y ago
More to the point, raising wages (caused by union contracts that pegged wages to inflation) was the root cause of 70s stagflation. OP is horribly confused about basically everything, and to the extent that he's correct about some conclusions it's entirely by accident.