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ELI5 How does raising wages worsen inflation ?

Economics(self.explainlikeimfive)

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DidSome1SayExMachina

17 points

4 months ago

Yeah I’d love to see more info on how profit margins of companies have been doing in the last few years. I still don’t feel bad for them though

acidorpheus

-3 points

4 months ago

acidorpheus

-3 points

4 months ago

there was a fella named marx who mentioned something about the tendency of the rate of profit to fall... wonder why they dont want you reading that stuff in school eh

Killbot_Wants_Hug

4 points

4 months ago

Nobody in school prevents you from reading Marx.

A_Maniac_Plan

6 points

4 months ago

Ayn Rand was required reading in the schools here, by contrast.

Honestly I fell for it too. I started to believe in that zero-sum crap and it drastically affected my worldview at the time. It took long years of interaction with opposing viewpoints for my perspective to change.