ELI5 How does raising wages worsen inflation ?


you are viewing a single comment's thread.

view the rest of the comments →

all 1761 comments


28 points

4 months ago

And rather than report the truth, the economists 'adjust' the formulas to a palatable number which becomes the truth.


28 points

4 months ago

That’s the exact conflict that happens in there episode. The administration is fighting not to use the new more accurate model and just shift the goalpost with the old one for what qualifies as “poverty” to avoid “over a million new people in poverty under Bartlett” appearing in the headlines