4 ms·
Raising wages doesn't increase inflation, it's raising prices to customers.
by mempko 4y ago
Raising wages doesn't increase inflation, it's raising prices to customers.
- astrange 4y agoRaising wages _can_ increase inflation because the workers will use them to buy more goods, which might be supply limited. But Japan's inflation problem is that they don't have enough of it, so that's fine…
- mempko 4y agoRight, but limited supply doesn't have to mean raising prices. That decision is done by management and business owners. It's not an automatic kind of outcome, but a deliberate one.