Re:UK Prime Minister Liz Truss resigns after just 45 days in...
by PaulHoule on Thursday October 20, 2022 @11:50AM
(#33276535)
Inflation always has an element of circularity in the explanations of it.
There's no doubt that workers would like to get a 10% raise in a year when there is 10% inflation. Since labor is a substantial input into the cost of services, it also seems like a plan to have at least 10% inflation next year.
There's no doubt that workers would like to get a 10% raise in a year when there is 10% inflation. Since labor is a substantial input into the cost of services, it also seems like a plan to have at least 10% inflation next year.