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I don’t really understand how employment compensation is set in a medium that is intended by government policy to be decreased in value over time. How is that

• pjkundert 2y ago
  2-3% is the rate of inflation that has been shown, historically, to allow the monetary authorities and those close to them to transfer the wealth of the nation's public to themselves without (much) turmoil. Any more than 2-3%, and you'd begin to notice that your children are being systematically impoverished, and revolt. Keep it at 2-3%, and you'll die before you notice, apparently.
• gruez 2y ago
  You know about inflation, don't you? Even if you don't know about "inflation" specifically, most people of employment age would have at least heard of the concept of "prices going up". In that case I'm not sure what type of deception (ie. scam) is going on here.
  • pfannkuchen 2y ago
    Businesses obviously benefit from paying their employees less in real terms over time. This happens automatically for them due to inflation. Do you think government can influence inflation? Do you think big business can influence government?
• erickj 2y ago
  Welcome to fiat currency backed capitalism