4 ms·
Wages rising due to inflation does not lead to income equality. Higher rates will lead to lower wealth disparity though. Asset values over the past decade have
by adam_arthur 4y ago
Wages rising due to inflation does not lead to income equality.
Higher rates will lead to lower wealth disparity though. Asset values over the past decade have been largely driven by ZIRP
Buying power in real terms is mostly driven by productivity and technological advancement driving deflation of goods