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Wages are prices. A wage is the price of labor. When wages increase, inflation is happening, by definition.
by xapata 5y ago
Wages are prices. A wage is the price of labor. When wages increase, inflation is happening, by definition.
- somebodythere 5y agoThe price of labor can increase faster than the price of goods increases. This is usually what people refer to when they talk about the development of a country's economy, or a country getting "richer".