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>> I love that a key point is that this drives inflation, instead of crazy inflation forcing people to look for higher paying jobs. This type of argument makes
by TuringNYC 3y ago
>> I love that a key point is that this drives inflation, instead of crazy inflation forcing people to look for higher paying jobs.
This type of argument makes it seem that workers are at fault for inflation. That isnt true. Workers are stuck in an inflation loop until inflation is tamed.
The inflation loop didnt start with greedy workers, it started with prices going up due to monetary policy...catalyzing the loop.