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To: 9YearLurker

I uses 100% as an upper limit. Even a 50% increase would not increase inflation that much.


32 posted on 01/12/2022 6:47:56 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Just do the math with the chart I posted: that would be an immediate 25%+ increase in cost.

Given that the real inflation rate has been well above 7% for the past year-plus, labor is losing out by the quarter right now, however, so they need a substantial boost just to break even. And of course such a substantial boost increases the inflation that their wages would be chasing after to rise even more. Such is the dog-chasing-tail cycle of inflation.


36 posted on 01/12/2022 6:52:32 AM PST by 9YearLurker
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