2 ms·
That never happens. You're talking about a fantasy scenario that only exists in a formula on a piece of paper, not in reality. Salaries will not step match USD
by adventured 5y ago
That never happens. You're talking about a fantasy scenario that only exists in a formula on a piece of paper, not in reality. Salaries will not step match USD erosion, incomes will get mauled as they tend to historically when confronted with inflation, and it'll cause increasing social chaos as the real standard of living drops (out of desperation for bargaining power, unions are likely to get more interest as a consequence).
- seanmcdirmid 5y agoWe’ve been here before in the 70s, and what you predict did not come to pass. It might be different this time, but I doubt it. Prices and salaries will just adjust up to a new normal, and…the only thing that really gets hit are savings.