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I can't believe how people buy this "wage driven inflation" thing. The asset owner have had insane gain due to X, mostly money printing I guess, and when wages
by rightbyte 4y ago
I can't believe how people buy this "wage driven inflation" thing. The asset owner have had insane gain due to X, mostly money printing I guess, and when wages start to increase it is a problem? Workers are just balancing out supply and demand ...
Inflation is not driven by "company profits" either most likely. It just looks that way when wages are getting a smaller share of the inflation nominal gains than company profits.
- landswipe 4y agoEither way, it's going to make Australia less desirable and a lot of people are going to suffer. The economy works in mysterious ways :)