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by Karrot_Kream
1428 days ago
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Of course it's not wage increases that's causing inflation. But once we're at a point where even wage increases lead to inflation, then we're in a really bad place. Hopefully we can cool off before getting there. Plus the government can't really affect wages. I'm surprised nobody has suggested increasing tax rates as a way to cool the economy off, but that's political, so probably much more difficult. |
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Why is that bad? Given the asset inflation it is only anticipated wages catch up or assets crash.