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Inflation makes adjustment to relative wages much easier (i.e., having some jobs decline in wages and others increase). That is such a good thing that it (prob
by peterfirefly 11y ago
Inflation makes adjustment to relative wages much easier (i.e., having some jobs decline in wages and others increase).
That is such a good thing that it (probably) outweighs the negatives. It does seem like it should be a low and relatively constant and predictable inflation, though.