Mar 15, 2024
2:24:38pm
2:24:38pm
Well, inflation going down doesn't mean prices drop. It means they don't rise as
fast.
Deflation would be prices actually dropping, and nobody is predicting that happening. Maybe oil/houses/rent. but nothing else.
But, otherwise, I agree with you. Wages should be based on what people are willing to work for meeting what employers are willing to pay — independent of whatever anything else costs, other than those costs influencing what workers would be willing to work for.
Deflation would be prices actually dropping, and nobody is predicting that happening. Maybe oil/houses/rent. but nothing else.
But, otherwise, I agree with you. Wages should be based on what people are willing to work for meeting what employers are willing to pay — independent of whatever anything else costs, other than those costs influencing what workers would be willing to work for.
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