Re:Is the world economy entering a wage-price spiral?
by imtringued on Wednesday October 20, 2021 @04:34AM
(#28928225)
I don't get it. If you don't pay people they won't work. It's that simple.
This argument is used all the time when high incomes are taxed (more taxes = less income = less work) but when people have low incomes we demand that they work more.
This argument is used all the time when high incomes are taxed (more taxes = less income = less work) but when people have low incomes we demand that they work more.