3 ms·
While negotiating your own individual salary is one thing, from a macroeconomic perspective, doesn’t the taming of inflation require avoiding a price/wage spira
by compumike 4y ago
While negotiating your own individual salary is one thing, from a macroeconomic perspective, doesn’t the taming of inflation require avoiding a price/wage spiral? https://en.m.wikipedia.org/wiki/Wage-price_spiral https://en.m.wikipedia.org/wiki/Wage-price_spiral And doesn’t that imply using the stickiness of nominal wages to effectively reduce real wages?
- epicureanideal 4y agoWages aren’t the only way to control inflation.