Re:Ask HN: How worried are you about the upcoming recession?
by 0daystock on Wednesday May 25, 2022 @10:54AM
(#31505437)
> High inflation is actually a good thing, as it is result from wage increases, which means that there are shortages in the job market.
Except wages rarely keep up with inflation. Inflation is for rich people to erode and erase debt - or, more accurately, externalize it on others - nothing more.
Except wages rarely keep up with inflation. Inflation is for rich people to erode and erase debt - or, more accurately, externalize it on others - nothing more.