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A comment on U.S. Recession Probabilities September 2021: 44%. Parent comment

Re:U.S. Recession Probabilities September 2021: 44% by Afforess on Monday November 01, 2021 @11:51PM (#29076783)
This is only correct if labor is the largest component of the price of a good. If labor is not a large component, paying more for labor, at the expensive of competitors labor supply, is a good idea, and employers should do it.
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Re:U.S. Recession Probabilities September 2021: 44% by sp332 on Tuesday November 02, 2021 @12:13AM (#29076984)
Agreed, productivity has been going up faster than wages. Businesses can do less stock buybacks and C-suite bonuses instead of passing all the costs to customers.
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