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> The numbers are significant in that wages increasingly have been recognized as a driving force in inflation. They have their causality backwards for this one
by jedberg 3y ago
> The numbers are significant in that wages increasingly have been recognized as a driving force in inflation.
They have their causality backwards for this one. It's already been shown (repeatedly) that the cause of inflation in the last few years has been primarily driven by increased corporate profits, meaning prices are going up.
People just want enough money to afford inflation.