2 ms·
The opposite of inflation is not deflation, it is stability (ie the lack of inflation). Deflation is much worse than inflation, and quite difficult to actually
by bruce511 5y ago
The opposite of inflation is not deflation, it is stability (ie the lack of inflation).
Deflation is much worse than inflation, and quite difficult to actually make happen, so you don't need to worry about that.
In fact even steady, regular, inflation is not bad, but employers just need to understand the need for inflation based increases for all staff every year. Employers in the US are not used to that, and have been generally slow to keep up, but will eventually figure it out.
And yes, there won't be the same number for all, so expect plenty of cherry-picking example articles for years to come. And generally workers (and customers) will be losers, because, well Capitalism.
In most countries there is stable, regular, inflation and somehow they cope. The US has some catching up to do, but they'll figure it out. Albeit that the impacts of naked capitalism will be more pronounced there.