Re:Is Inequality Inevitable?
by w1nst0nsm1th on Wednesday November 06, 2019 @05:33PM
(#21468311)
It cames to my mind that that constant 2% inflation, and the constent effort to limit it to such level said to be good for economy, was indeed slowly impovishering the working class by the fact than increase rate of salary was not as high as increase in price. In short the price of good increase constantly, but we stop the inflation before it reach also salary, leading to inequal raise of cost of work (null) and cost of good (2%).
[ Parent
| on HN ]
Re:Is Inequality Inevitable?
by fuzzfactor on Thursday November 07, 2019 @07:37AM
(#21472622)
This is by design since the early 1970's.