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That's what I took away from this. I'm not sure I really see anything interesting here, except this: > The numbers are significant in that wages increasingly
by EMM_386 3y ago
That's what I took away from this.
I'm not sure I really see anything interesting here, except this:
> The numbers are significant in that wages increasingly have been recognized as a driving force in inflation
Rising wages aren't the driving forces of inflation. The problem is exactly the opposite it seems.
The Federal Reserve and "easy money" policies put a lot of money into the system trying to deal with the pandemic. The fallout of that is inflation.
The fallout of THAT is people need more money to get by. Not just to deal with the inflation, but to deal with raising interest rates and everything else that comes along with trying to "fix" that issue.
So people demand higher wages.