3 ms·
Yes that's fair. My point wasn't that high inflation does not matter or that it does not affect people on higher incomes. The rate of inflation and the rate of
by rocketbop 4y ago
Yes that's fair. My point wasn't that high inflation does not matter or that it does not affect people on higher incomes. The rate of inflation and the rate of wage increase, however doesn't necessarily need to be pegged for everyone, as the real effect of high inflation is inversely proportional to income.