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To: dforest

And why should wage increases be inflationary?


4 posted on 11/23/2022 3:54:53 AM PST by Jim Noble (The Decline of America is a Choice )
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To: Jim Noble

Wage increases raise the costs of peoduction so prices go up. Prices going up results in inflation, whether a small amount or large, depending on, in this case, the amounts and the widespreadness of the wage increases.


8 posted on 11/23/2022 4:08:36 AM PST by Chicory
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To: Jim Noble

The inflation started when unskilled classes of workers doubled and tripled their wages, but not real production.

That is inflationary. One cannot raise the bottom 30% of worker wages and not have an inflationary reaction.

Cost of a Big Mac theory.


13 posted on 11/23/2022 4:45:06 AM PST by EBH (Ok Republicans, work like our Republic is the last one on earth.)
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To: Jim Noble
And why should wage increases be inflationary?

They are not. Productivity is the key.


23 posted on 11/23/2022 6:12:09 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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