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You seem to misunderstand the statement. "Upward pressure on wages" implies an increase in wages. In other words, people make more money in robust job markets
by vngzs 3y ago
You seem to misunderstand the statement. "Upward pressure on wages" implies an increase in wages.
In other words, people make more money in robust job markets and can spend more money on goods and services.
- fauxpause_ 3y agoTheoretically, yes. But is that what is happening in practice?