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I've come to believe that the whole "wage increases cause inflation" meme, while perhaps not strictly false, is pushed largely by two groups: economic fundamen
by carapace 4y ago
I've come to believe that the whole "wage increases cause inflation" meme, while perhaps not strictly false, is pushed largely by two groups: economic fundamentalists who see economics more as a religion than a tool, and apologists for the rich (who break down into subgroups: e.g. paid shills, temporarily embarrassed millionaires, and Stockholm Syndrome sufferers.)
In any event, it's blindingly obvious to the rest of us that today's inflation is caused by profiteering on the part of large corporations and Private Equity, etc. The Haves are having more of the pie. I just want to reiterate this in case anyone's feeling gaslighted by the relentless propaganda ("If we pay you more we have to charge you more, silly workers." BS.)