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All else being equal, there is some maximum number of workers that can receive wage increases before inflation in consumer goods rises a tenth of a percent. Ima
by politician 4y ago
All else being equal, there is some maximum number of workers that can receive wage increases before inflation in consumer goods rises a tenth of a percent. Imagine that we held a national lottery and the winners of the lotto received a wage increase. Those people could, indeed, buy more.
We need to bridge the gap in the dialog between the lived experience of the individual worker and the statistical experience of the nation's workers.