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> And now a serious point: people have been complaining about food price inflation, and blaming the usual suspects of fiat money and Democrats, but .. what if i
by lotsofpulp 2y ago
> And now a serious point: people have been complaining about food price inflation, and blaming the usual suspects of fiat money and Democrats, but .. what if it was actually the people making the food putting up the prices? Doesn't it often turn out that the secret ingredient is in fact some kind of crime?
What if it was increasing labor prices due to decreases in labor force participation rate and more preferable options for people to earn money?
https://www.voronoiapp.com/wealth/The-Growth-in-Real-Wages-by-Income-Group--1789 https://www.voronoiapp.com/wealth/The-Growth-in-Real-Wages-b...
- pjc50 2y agoThat would be a Good Thing, but people attribute wage growth to their own personal efforts and price growth to evil external forces. So if you have the tiniest bit of a wage/price spiral where labour shortages raise wages and therefore prices (especially in labour-dependent industries like prepared food!), everyone goes bananas.