8 ms·

I wasn’t talking about wage inflation. I don’t want to age either. Nobody does.

• lapcat 4y ago
  > I wasn’t talking about wage inflation. But you were, because inflation includes wage inflation. > I don’t want to age either. This is a non sequitur.
  • cscurmudgeon 4y ago
    Is wage inflation the only part of inflation? You are not answering the question. Let me reformulate: How do you reduce general inflation without hitting jobs? It is okay to admit this is logically not possible. > This is a non sequitur It isn’t :)
    • lapcat 4y ago
      > Is wage inflation the only part of inflation? No, there are many factors. The supply chain plays a big part, as we've seen during the pandemic. Corporate profiteering also plays a big part. > How do you reduce general inflation without hitting jobs? I'm not answering the question because I'm not committed to reducing "general" inflation. I'm happy to increase wage inflation, especially at the lower end. I would like to reduce specific forms of inflation, for example, health care cost inflation and school tuition inflation. Whether costs should go up, down, or stay the same all depends on the specific product.
  • refurb 4y ago
    Inflation is the cost of goods, it doesnt include wages.
    • lapcat 4y ago
      But obviously labor costs are a big part of the costs of goods, and the Fed has specifically cited wage inflation as a contributor to goods inflation and aims to reduce wage inflation by raising interest rates.