darth-azrael said:
@leviathan-supersystem I think for skilled labor it has. For unkilled labor, not as much. But it’s a supply and demand thing. Theres also a delay factor. E.g. demand goes up->prices go up->companies hire more people to meet demand often requiring higher wages. Artificial impacts from government policies also
leviathan-supersystem said:
@darth-azrael doesn’t account for why the buying power of your boss in relation to your labor doesn’t go down in sync with your buying power as a consumer.
darth-azrael said:
Neither wages nor “corporate monopolies” are responsible for inflation. There are two major factors. 1) Questionable policies implemented by governments around the world as a result of COVID that have disrupted the supply chain and 2) the Federal Reserve and other central banks essentially printing unlimited amounts of money
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lemonthorn liked this darth-azrael said: @leviathan-supersystem I think for skilled labor it has. For unkilled labor, not as much. But it’s a supply and demand thing. Theres also a delay factor. E.g. demand goes up->prices go up->companies hire more people to meet demand often requiring higher wages. Artificial impacts from government policies also
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leviathan-supersystem said: @darth-azrael doesn’t account for why the buying power of your boss in relation to your labor doesn’t go down in sync with your buying power as a consumer.
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