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Blackrock threatens workers: stop winning higher wages of we will retaliate with inflation.
(www.businessinsider.com)
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Blackrock threatens higher inflation
Inflation drives demand for higher wages
Workers exploit inefficiencies in the wage market through job-switching and collective bargaining to obtain higher wages
Wages go up
Profits tighten
Blackrock threatens higher inflation
Circle of life, baby.
Wow, it’s almost like the rate of profit has a tendency to fall or something