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"Inflation" really means "wage inflation" for planners and the media. Wage inflation is the bad kind of inflation, as opposed to the good kinds of inflation (e.
by mjhay 3y ago
"Inflation" really means "wage inflation" for planners and the media. Wage inflation is the bad kind of inflation, as opposed to the good kinds of inflation (e.g. food price gouging).
- pharmakom 3y agoindeed. compare what the media calls "price growth" (e.g. housing) and what it calls "inflation" (e.g. wages)
- Scoundreller 3y agoAnyone notice interest rates only started increasing when wages started going up but not when housing costs went up first?
- kylestlb 3y agoI'm sure the people making decisions about interest rates did :)