3 ms·
What good is a higher wage if inflation is worse.
by francisofascii 4y ago
What good is a higher wage if inflation is worse.
- ipaddr 4y agoReduces preexisting debt
- ProfessorLayton 4y agoUnfortunately it really depends on which side of inflation one is in. Wage increases still help in an inflationary environment if one has existing debt (i.e. a mortgage). Furthermore, a lot of inflation is in housing itself, so if one already is a homeowner, then a significant amount of inflation is bypassed.