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> ultimately no group is better or worse off. In such a spiral it’s just the nominal numbers that are changing and not the ‘real’ numbers Except that wages ten
by vineyardmike 4y ago
> ultimately no group is better or worse off. In such a spiral it’s just the nominal numbers that are changing and not the ‘real’ numbers
Except that wages tend to change less fluidly than prices so there’s usually a lag resulting in less purchasing power for consumers.
- finspeech 4y agoYes that is true, but under the assumption that prices are only raising due to corporations increasing them, then my original post comes into play where for everyone that is worse off, there is someone necessarily better off. Thus the consumer as a whole is unaffected. Because again, if that money is hoarded then that means the hoarder is consuming less and thus supplies are increased for everyone else. Or they are investing and just spending that money into the hands of a different group