this post was submitted on 15 Apr 2026
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Work Reform

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[–] yesman@lemmy.world 40 points 4 days ago (1 children)

The idea that raising wages is inflationary is simple, elegant, easy to understand, and wrong.

it's the biggest econ101 meme and refuses to die no matter how many times it's been proven wrong.

[–] ChristerMLB@piefed.social 4 points 4 days ago

raising wages is what allows people to handle inflation - suppressing wages to fight inflation is ass backwards, even if wage growth created some inflation