4 ms·
Something that I don’t think it’s been mentioned is that it gives economic actors some room to adjust prices/wages down in real terms without requiring a nomina
by kgwgk 4y ago
Something that I don’t think it’s been mentioned is that it gives economic actors some room to adjust prices/wages down in real terms without requiring a nominal decrease.
- _Algernon_ 4y agoWhy is this a good thing? Especially for wages?
- sokoloff 4y agoA good thing for employees? It's not. A good thing for government policy makers and employers? It is. Conclude from that what you will.
- tareqak 4y agoIt is a good thing for the rich/capitalist classes and for those in the immediate periphery because they can then buy more in real terms. It is a bad thing for the poorer working class because their labour gets devalued in real terms.
- deleted 4y ago[deleted]
- kgwgk 4y agoIt adds some slack to a complex system. Rigidity won’t be necessarily better.
- HDThoreaun 4y agoIt stops being from being fired. Pay everyone 2% less or fire 2% of the employees.