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Wage increases don't drive inflation. The data now clearly show this to be a myth. I think we can agree that profits being too high is a root cause of driving
by PaulRobinson 3y ago
Wage increases don't drive inflation. The data now clearly show this to be a myth.
I think we can agree that profits being too high is a root cause of driving inflation, but disagree on how to address that. You want to redistribute profits into lower prices, I want to redistribute it to salaries and allow people to save more rather than borrow, because ultimately its borrowing money (which is in essence creating new money), that drives inflation.