The wage-price spiral theory is the sort of thing that would lead to a boom in the guillotine supply industry if it were more widely known or understood. “Worke

The wage-price spiral theory is the sort of thing that would lead to a boom in the guillotine supply industry if it were more widely known or understood. “Worker wages going up is intrinsically bad and should be fought by intentionally causing a recession and putting people out of work” is the kind of thing economists can say out loud in public because there’s no such thing as class solidarity outside the billionaire class anymore.