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And a lot of inflation is wages. So when you talk about upward/downward pressure on wages, you can't discount inflation, because inflation is wages and the pro
by paulddraper 3y ago
And a lot of inflation is wages.
So when you talk about upward/downward pressure on wages, you can't discount inflation, because inflation is wages and the product of that upward/downward pressure.
You can talk about real wages.
- stefan_ 3y agoIt wasn't? The majority of that inflation, certainly in the EU, was energy and profit taking in uncompetitive markets, the result of decades of failed anti-trust? This stuff is researched these days, we don't need to repeat 1930s tropes.