4 ms·
Workers have an irrational dislike of their salary or wages ever going down. The main benefit to 2% per year inflation is giving employers a way to reduce real
by hollerith 1y ago
Workers have an irrational dislike of their salary or wages ever going down. The main benefit to 2% per year inflation is giving employers a way to reduce real wages 2% per year during a downturn without the worker noticing.