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In the classical inflation scenario, rising wages without rising output leads to price increases as input costs get bid up. So the wage increases we see in a ti
by kdamica 5y ago
In the classical inflation scenario, rising wages without rising output leads to price increases as input costs get bid up. So the wage increases we see in a tight labor market are what cause inflation in the first place.
- agumonkey 5y agoTo stop systemic waves of this kind society needs resource buffers right ?