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0 pointsdnautics8y ago0 comments

And that mechanism doesn't work, unless their salaries don't keep up with inflation. Notably, this relationship is asymmetric, since there is no corresponding way to increase labor wages without giving a pay raise.

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kgwgk8y ago

Salaries can grow faster than inflation at other times, keeping them aligned over the long term.

dnauticsOP8y ago

you've never been poor, have you?

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0 pointsdnautics8y ago0 comments

And that mechanism doesn't work, unless their salaries don't keep up with inflation. Notably, this relationship is asymmetric, since there is no corresponding way to increase labor wages without giving a pay raise.

0 comments

kgwgk8y ago

Salaries can grow faster than inflation at other times, keeping them aligned over the long term.

dnauticsOP8y ago

you've never been poor, have you?

j / k navigate · click thread line to collapse