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I mean.. there is certainly room for profits to fall and productivity to rise in the current economy. Treating wage price dynamics as a zero-sum game does not
by lumost 4y ago
I mean.. there is certainly room for profits to fall and productivity to rise in the current economy.
Treating wage price dynamics as a zero-sum game does not seem like the correct approach
- OrangeMonkey 4y agoIt may not be the approach that fills us with glee, but its a historical approach. In all of history, when an economy has hit a wage-price spiral the only things that break this is war or a deep recession.