And yet, you still managed to be completely wrong. How did you manage that? Were you not following the thread?
How can you guys always twists your gross errors and exaggerations into us being wrong?????? I was not wrong. There is no legal mechanism to get wages to come down to keep take home pay constant. Since wages will remain where they are, prices of goods will have to reflect the additional $1.3 Trillion that is now being pocketed by workers. End prices to consumers will have to go up around 15%. Rents and other contractual obligations, will immediately go up 30%. You can talk about the dynamic forces that may eventually bring wages down and prices down, but that will take years. In the meantime, our economy will be in chaos.