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Because wages will increase more to account for higher productivity and booming business across the board. America's fundamentals are rock solid still. We are p
by ThorsBane 4y ago
Because wages will increase more to account for higher productivity and booming business across the board. America's fundamentals are rock solid still. We are poised for considerable growth.
Inflation would cheapen debt. Since wages have not caught up to productivity yet, we can see increased wages alongside the inflation which makes the real amount of consumer debt lower than it seems.
It works out in the long run because we're behind on productivity gains affecting wages in many sectors, but that has been improving especially since 2020.
- jjtheblunt 4y agoWhat if wages don't increase?
- pg938hkd 4y agoThey will lag so people will be poorer
- ThorsBane 4y agoThey have to because otherwise there's no more fuel for the ground floor of critical operations in every org. There have to be reliable people on the ground floor or all the profit gets lost. Most orgs hold debt, too. A rising tide would lift all boats in this case.
- jjtheblunt 4y agoWhy do you say most orgs hold debt? Apple and other big tech firms have tons of savings invested. And regarding people, in the US anyway, many hold debt, but many hold savings. If i'm understanding your description, it incentivizes holding debt?