Re:It's time for us in the tech world to speak out about cry...
by lmm on Monday May 31, 2021 @01:05AM
(#27340363)
> Every wage earner becomes more wealthy as their rate of pay buys more.
Income is not the same as wealth. Savers become wealthier, debtors (such as anyone with a mortgage) lose wealth.
> Sticky wages arent a problem with deflationary money.
Um, what? Your last sentence was all about how deflationary money guarantees wage earners increasing pay in real terms. That makes the sticky wages problem much worse.
Income is not the same as wealth. Savers become wealthier, debtors (such as anyone with a mortgage) lose wealth.
> Sticky wages arent a problem with deflationary money.
Um, what? Your last sentence was all about how deflationary money guarantees wage earners increasing pay in real terms. That makes the sticky wages problem much worse.