3 ms·
Inflation manifests itself as margin increases. There’s too little goods being produced for too much people having money. Therefore the people selling goods ca
by hcks 3y ago
Inflation manifests itself as margin increases.
There’s too little goods being produced for too much people having money. Therefore the people selling goods can raise prices.
For some reason people assume that workers can’t be left worse off with inflation bc they assume wages have to increase to follow it. It doesn’t have to be the case. In Europe, workers are becoming poorer.