News for hackers. Stuff that matters.

A comment on US inflation jumps to 31-year high amid global supply chain crisis. Parent comment

Re:US inflation jumps to 31-year high amid global supply cha... by starkd on Wednesday November 10, 2021 @11:06AM (#29176248)
Not sure how Amazon can "step in" and raise wages will somehow save this. Earlier raises in the minimum wage have been largely erased by inflation already. Another round of raises just pushes prices up more.
[ Parent | on HN ]
Re:US inflation jumps to 31-year high amid global supply cha... by throwawaygh on Wednesday November 10, 2021 @01:24PM (#29178291)
More to the point, raising wages (caused by union contracts that pegged wages to inflation) was the root cause of 70s stagflation. OP is horribly confused about basically everything, and to the extent that he's correct about some conclusions it's entirely by accident.
[ Parent | on HN ]