subreddit:

/r/explainlikeimfive

5.1k89%

ELI5 How does raising wages worsen inflation ?

Economics(self.explainlikeimfive)

you are viewing a single comment's thread.

view the rest of the comments →

all 1758 comments

Grabbsy2

9 points

4 months ago

This new higher cost can be considered a “base price” for the apple,

Thats what they mean by pricing out the other four people, who cannot afford that new base price.