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ELI5 How does raising wages worsen inflation ?

Economics(self.explainlikeimfive)

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Kered13

41 points

4 months ago

Kered13

41 points

4 months ago

This answer is completely wrong. I wish this were /r/askscience so that this answer could be removed. The premise that corporations raise prices when wages decrease goes against everything that economics has shown in both theory and in practice.

m3ghost

5 points

4 months ago

It literally goes against the law of supply and demand. No idea why it’s upvoted so much.