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Care to elaborate? The entire problem is that workers are the losers. The "price level" in the economy isn't actually rising, companies just realized they can e
by nerdponx 3y ago
Care to elaborate? The entire problem is that workers are the losers. The "price level" in the economy isn't actually rising, companies just realized they can extract a greater share of total surplus by just raising their own prices, relying on the particularities of the labor market to avoid needing to raise wages along with those prices.
As I like to tell people: if the CPI is going up but your salary isn't, it's not inflation, it's you getting poorer.