Re:You've Been Thinking About Inflation All Wrong (2022)
by jacknews on Thursday March 21, 2024 @10:01AM
(#39778605)
Is this for real?
Of course if only your expenses increase by 5% and you earn more than that, you may need less than 5% wage increase to cover the increase. But then your 'surplus' is less of a percentage of your wage, and what there is, is now worth 5% less in purchasing power too.
Of course if only your expenses increase by 5% and you earn more than that, you may need less than 5% wage increase to cover the increase. But then your 'surplus' is less of a percentage of your wage, and what there is, is now worth 5% less in purchasing power too.
The reasoning, isn't.